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 Read more…
The 2018 Global Trends in Giving Report has just been published. The report is based upon a survey of over 6000 donors in 119 countries and summarises donor data across six continents It examines the impact of technology, gender, generation, ideology, religion, and donor size upon giving. The report also features Read more…
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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 Read more…
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 general) or ‘The IRD’ (in particular) as Christ was referring Read more…
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 Read more…
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 Read more…
Q: I am trying to determine if a non-profit is registered. Is there a list of ‘official’ not for profit organisations? A: There is no complete list of non-profit organisations in NZ. Not all non-profits are formally registered with a government department (and not all not for profit groups have to Read more…
You need to be registered as a ‘donee organisation’ with IRD. If, when applying for registration as a NZ Registered Charity, you indicated that funding would include donations/koha then this will be automatic once registered. IRD will not specifically advise you of this, but your organisation will appear in the IRD Read more…
The key phrase here is ‘donee status’ if you are searching the IRD website.