Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
MK 13: When short payment and unpaid compulsory employer contributions found after tax credit used
or “This rule about underpayments found after using tax credits is no longer in effect”
You could also call this:

“Employees can no longer choose to not receive tax credits in cash”

You can choose not to receive tax credits in cash. This option was available to employees, but it has been removed from the law. The rule that allowed this was taken out of the Income Tax Act 2007 on 1 April 2009.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: MK 15: Groups of persons

or “How certain groups are treated as one employer for tax credit purposes”
Next

Part M Tax credits paid in cash
Tax credits for KiwiSaver schemes and complying superannuation funds

MK 14Employees opting out (Repealed)

    Notes
    • Section MK 14: repealed, on , by section 54 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105).