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Income Tax Act 2007

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

MK 14: Employees opting out

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.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1689625.

Topics:
Money and consumer rights > Taxes
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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“This rule about underpayments found after using tax credits is no longer in effect”

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MK 15: Groups of persons, or

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

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MK 14Employees opting out (Repealed)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    • Section MK 14: repealed, on , by section 54 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105).