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Income Tax Act 2007

Income - Excluded income - Definitions

CX 65: Tax credits paid in cash

You could also call this:

“Getting tax credits as cash that you don't have to pay tax on”

If you get a tax credit paid in cash under Part M, you do not have to include it as income. This means you do not have to pay tax on the amount you receive as a tax credit. You can find more information about tax credits paid in cash in Part M.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1427414.

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CX 64: Income from financial instrument, or

"Money from financial instruments that may be tax-free"

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Part C Income
Excluded income: Definitions

CX 65Tax credits paid in cash

  1. An amount paid as a tax credit under Part M (Tax credits paid in cash) is excluded income of the person deriving the amount.

Notes
  • Section CX 65: inserted (with effect on 1 April 2008), on , by section 34(1) (and see section 34(2) for application) of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025