Overseas donee status

Taxation (GST and Remedial Matters) Act 2010 grants three organisations overseas donee status from the 2011-12 tax year.

Schedule 32 of the Income Tax Act 2007

The following organisations have been granted overseas donee status from the 2011-12 tax year:

  • The Branch Foundation
  • The Mutima Charitable Trust
  • The Bougainville Library Trust.

Schedule 32 has also been amended to reflect the name change of the Volunteer Service Abroad (Incorporated) to Te Tuao Tawahi: Volunteer Service Abroad Incorporated.

Background

Charities that apply some or all of their funds outside New Zealand must be approved for charitable donee status by Parliament. These organisations are listed in schedule 32 of the Income Tax Act 2007.

Donations to listed organisations entitle individual taxpayers to a tax credit of 331/3% of the amount donated up to the level of their taxable income, and companies and Māori authorities to a deduction for donations up to the level of their net income.

Application date

The Branch Foundation has been granted donee status from the 2011-12 and later tax years.

The Mutima Charitable Trust has been granted donee status from the 2011-12 tax year until the end of the 2016-17 tax year.

The Bougainville Library Trust has been granted donee status from the 2011-12 tax year until the end of the 2018-19 tax year.

The amendment relating to Te Tuao Tawahi: Volunteer Service Abroad Incorporated applies from 21 December 2010.