DIA Charities services advise: “Change to donee assessment from 2019/20 income year. Most registered charities have donee status, granted by Inland Revenue. This means when a person makes a donation (over $5) to a donee organisation, they can generally claim a tax credit for that donation. A change to the […]
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 as World Vision or Mercy Ships NZ have legislated approval […]
Inland Revenue is currently consulting on an issues paper on donee organisations. When a person makes a donation to a donee organisation, they can generally claim a tax credit for that donation. The issues paper examines the donee organisation requirements of the Income Tax Act 2007, and is particularly relevant […]
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 be read in the MI newsletter here POTENTIAL DONEE STATUS […]
RSM Hayes Audit have just published a useful article on ‘Donee Status’: Demystifying Donee Status: Donee status. Most people will have heard of this concept in relation to charities. But scratch the surface a bit deeper and one commonly finds a lack of any further knowledge, and some common misunderstandings. […]
Have a look at this page on the IRD website Exemption from Resident Witholding Tax (RWT) is automatic for Registered NZ Charities provided that the box indicating that KOHA will be an anticipated source of income has been ticked during the application process. Qualifying charities will then be zero-rated for […]
Sue Barker, Director of Sue Barker Charities Law has provided the following links to articles from the Legalwise seminars series: “10 election policies for charities” Policy 1 – Press pause on the Charities Act changes (which was published before the change of Prime Minister) Policy 2 – Widen eligibility for […]
Updated Post A frequent enquiry we receive at NFP Resource is “Do you have a list of NZ Non-profits?” We do not know of any composite list of all not-for-profit organisations in New Zealand. However, a listing of all Registered NZ Charities (including those which have been de-registered) can be […]
… Advice on Social Enterprises? (also see these pages on this site) … Assistance with Accounting? … Donee Organisations? (also see these pages on this site) … Honoraria, Honorarium, Honorariums? … Tax Credits for donations? … what has to be shown on a tax receipt […]
Frequently Asked Questions How do I register a non profit organisation? Check the following sites: Incorporated Societies: https://is-register.companiesoffice.govt.nz/ Charitable Trusts: https://ct-register.companiesoffice.govt.nz/ Registering a Charity: www.charities.govt.nz Our consultant may also be able […]
(Updated 28 Sep 2019) If a non-profit organisation is registered as a Charity with DIA Charities, and has indicated during the application process that Koha/Donations will be a source of funding, it will be recognised by IRD as a ‘donee organisation’ and receipts for donations can be claimed as a […]
The following information, which repeats information from IRD, was posted by DIA Charities Services on their website on 17 July 2018. As the information is of potential importance to many nonprofits, we have reproduced it here in toto. The blog post itself can be found on the Charities website here. […]