Recipients of charitable or other public benefit gifts

Lists organisations that apply some or all of their finds for overseas purposes and have been granted donee status for the 2013-14 income tax.

Schedule 32 of the Income Tax Act 2007

The following organisations have been granted donee status from the 2013-14 income year:

  • Fund for Timor
  • OneSight New Zealand
  • The Hunger Project New Zealand.

Background

New Zealand-based charities who apply some or all of their funds for overseas purposes and who want donors to receive tax benefits in connection with any donations received, are required to be named as a donee organisation on the list of recipients of charitable or other public benefit gifts in the Income Tax Act 2007.

Donee status entitles individual donors to a tax credit of 331/3% of the amount donated to these organisations, up to the level of their taxable income. Companies and Māori Authorities are eligible for a deduction for monetary donations up to the level of their net income.

Application date

The change applies from the 2013-14 and later income years.