Tax Facts: Tax Credits (formerly rebates)

Tax credits can be claimed by individuals (not companies, trusts or partnerships) who:

• Earned taxable income during the period being claimed for; and
• Were in New Zealand at any time during the tax year (including non-residents)

You may qualify for a tax credit for:

• Donations made of $5 or more to an approved charity
• Donations made of $5 or more to state and state integrated schools (note donations do not include tuition fees, payment for voluntary school activities, payments for classes where there is a take-home component or payments for transport to or from school activities)

The tax credit able to be claimed is up to the lesser of 33.33% of the total donation or 33.33% of your taxable income and will require valid receipts.  Tax credits for payments for childcare or a housekeeper have been removed from 1 April 2012.


For further information regarding tax credits, visit the tax credits section of the IRD website.


If you claimed a tax credit in the prior year, the IRD will automatically send you a Tax Credit Claim Form in April each year. Otherwise, click here for the latest version of the IRD 526 Tax Credit Claim Form.
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This information relates solely to individuals and individual income tax. There are other tax credits which have been introduced. Please contact our office for more information on these.

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