Category Archives: Tax Matters

Donee organisations and application of funds overseas

Until now, non-profit organisations which have donee status with the IRD (where receipts for donations made to the organisation can be claimed for tax credits) have been permitted to expend up to 50% of their funds overseas. (Some organisations such … Continue reading

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Tax and Charities

We receive a number of enquiries about tax matters for charities. Please use the search function – enter ‘tax’ . The main topics are considered in these previous posts: Honoraria and Taxing payments to volunteers Fringe Benefit Tax and Charities Registering … Continue reading

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Why are we donating millions to the taxman?

Opinion – In the bible, Jesus is reported as saying “… Render therefore unto Caesar the things which are Caesar’s …” (Matthew 22:21). This is indeed a tenet that is applicable in this modern world –  though for ‘Caesar’ read government (in … Continue reading

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Potential Donee Status Shift?

Not-for-Profit came across this article in a recent edition of the Missions Interlink newsletter. Organisations which operate, or have an interest in operating, overseas need to be aware of this subject. The article is reproduced in full below and can … Continue reading

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IRD advice: Honoraria and taxing payments to volunteers

IRD advice on Honoraria and taxing payments to volunteers has been updated. Includes reimbursement of volunteers for expenses, mileage and honoraria. < Go to IRD website >  < See also:   Fringe Benefit Tax and Charities >

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Fringe Benefit Tax and Charities

If you provide vouchers or short term charge facilities to your employees, from 1 April 2014 the rules on FBT are changing. Cjharities will no linger be exempt when the total value of the benefit (eg petrol vouchers, pre-loaded credit … Continue reading

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How long must documents be retained?

I would be grateful for information about any legal requirements that must be met with respect to the period of time that a trust must retain any documents, such as minutes of meetings, financial records, correspondence, etc “The formal records of … Continue reading

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IRD rules on donations

In August 2011 the Charities Commission issued this note: Inland Revenue has published a “Revenue Alert” highlighting their concerns that some people are claiming tax credits for “donations” where there may not have been a true gift of money to … Continue reading

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What do I have to do to get a tax exemption for a NZ non-profit organisation?

Have a look at: www.ird.govt.nz/notforprofits/ Note that exemption from Resident Witholding Tax (RWT) is not automatic and must be applied for once a non-profit has registered with Charities.

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Where can I find general tax information for NZ non-profit organisations?

Visit the IRD website

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