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Tax Administration Act 1994

Credits of tax - Payments of tax credit by chief executive

80KO: Determining WFF tax credit

You could also call this:

"How the government calculates your Working for Families tax credit"

Illustration for Tax Administration Act 1994

When the chief executive determines your WFF tax credit, they must use a specific method. They use the method in section MF 3 of the Income Tax Act 2007 to calculate family credit abatement or Best Start credit abatement. They also consider the family tax credit rate and abatement from sections MD 3 and MD 13. They take into account the Best Start tax credit rate and abatement from sections MG 2 and MG 3. You can find these details in the Income Tax Act 2007. The chief executive uses these rules to work out your WFF tax credit.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1264712.

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Money and consumer rights > Taxes
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80KN: Payment of tax credit by chief executive, or

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Part 3BCredits of tax
Payments of tax credit by chief executive

80KODetermining WFF tax credit

  1. In determining the amount of WFF tax credit that is payable under section 80KN, the chief executive must—

  2. use the method set out in section MF 3 of the Income Tax Act 2007, if required to calculate the amount of the family credit abatement or Best Start credit abatement; and
    1. take into account the rate of family tax credit and the family credit abatement given by sections MD 3 and MD 13 of that Act; and
      1. take into account the rate of Best Start tax credit and the Best Start credit abatement given by sections MG 2 and MG 3 of that Act.

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        Notes
        • Section 80KO: inserted, on (effective for 2008–09 income year and later income years, unless the context requires otherwise), by section ZA 2 of the Income Tax Act 2007 (2007 No 97).
        • Section 80KO heading: amended, on , by section 214(1) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
        • Section 80KO: amended, on , by section 214(2) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
        • Section 80KO(a): amended, on , by section 33(1) of the Families Package (Income Tax and Benefits) Act 2017 (2017 No 51).
        • Section 80KO(b): amended, on , by section 33(2) of the Families Package (Income Tax and Benefits) Act 2017 (2017 No 51).
        • Section 80KO(b): amended, on , by section 214(3) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
        • Section 80KO(c): inserted, on , by section 33(2) of the Families Package (Income Tax and Benefits) Act 2017 (2017 No 51).