Sue Barker, charity specialist lawyer, has drawn our attention to the latest Law Down Under Podcast which discusses all things charities law. With the Government going back to the drawing board following its February issues paper on taxing charities, charities now have, in Sue Barker’s opinion, such an important opportunity Read more…
We are grateful to our friends at GRANT THORNTON NEW ZEALAND who have alerted us to an IRD discussion document which could potentially have major ramifications for a wide variety of “mutual associations” including incorporated societies that are not also registered NZ charities. -o0o- Inland Revenue has just released a Read more…
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 Read more…
We recently came across a Kiwi-led social enterprise offering a digital service that provides a quick and effortless way for your donors to access donation rebate funds. Although we have no personal experience with the service offered, we feel it may be worth at least investigating! “Through Supergenerous, your donors Read more…
This is an updated version of an earlier post Q: 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 A: We visited Read more…
(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 Read more…
Information about payday filing has been available for some time, and IRD have been pro-active in contacting small employers, but a number of small charities and non-profits who will be affected still appear to be uncertain about it. Payday filing is currently voluntary but will be mandatory from 1 April Read more…
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. Read more…
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…
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 so that donations are eligible for tax credits -o0o- IRD 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…
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…