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Income Tax Act 2007

Income - Excluded income - Exclusions and limitations

CX 33B: Benefits for members of Parliament

You could also call this:

"What benefits do MPs get and how are they taxed?"

Illustration for Income Tax Act 2007

When it comes to fringe benefits, you can use reasonable estimates to figure out what benefits are given to members of Parliament under the Members of Parliament (Remuneration and Services) Act 2013. You can estimate which benefits are fringe benefits, which are not, and which are valued at zero. This helps you understand the FBT rules for members of Parliament.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5493720.

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Part CIncome
Excluded income: Exclusions and limitations

CX 33BBenefits for members of Parliament

  1. Reasonable estimates may be used to determine, for the purposes of the FBT rules, what benefit provided under the Members of Parliament (Remuneration and Services) Act 2013 to a member of Parliament is a fringe benefit, or excluded from being a fringe benefit, or valued at zero.

Notes
  • Section CX 33B: inserted (with effect on 1 July 2013), on , by section 22 of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
  • Section CX 33B: amended, on , by section 66 of the Members of Parliament (Remuneration and Services) Act 2013 (2013 No 93).