Taxation – Tax Exemptions

There are some exemptions to tax in New Zealand. The below are some examples of what can make you exempt from having to pay income tax.

  • Income from conducting gaming-machine gambling.
  • Any payment that is made from voluntary activities such as a reimbursement payment to cover actual expense incurred.
  • The amount a child received under $2340.
  • Reimbursement payment of employee expenditure.
  • Overseas pension, and war benefits.
  • Foreign-source income of transitional resident. The income should not be employment income or income from a supply of service.
  • Maintenance payments to a spouse for child support (CW32). If a couple divorced, one pay another some money for the living of their children, the money received by another party is maintenance payment.
  • Compensation payments including ACC payments (CW34).