Organisations approved for charitable donee status
List of organisations granted charitable donee status from the 2006-07 tax year. Donations to these organisations will entitle taxpayers to a rebate.
Section KC 5(1) of the Income Tax Act 2004
The following organisations have been granted charitable donee status from the 2006-07 tax year.
- Children on the Edge (NZ) Trust
- DIPS'N Charitable Trust (International)
- The New Zealand Council of the Ramabai Mukti Mission Trust Board
- Waterharvest Trust
- Zonta International District 16 (New Zealand) Charitable Trust
Donations made to these organisations will entitle individual taxpayers to a rebate of 33 1/3 percent of the amount donated. The maximum rebate for all donations is $630 per annum.
A non-closely held company, or a closely held company which is listed on a recognised stock exchange, will be entitled to a deduction from its net income to a maximum of 5 percent of that income.
A Maori authority may also claim a deduction from its net income. The maximum deduction for a Maori authority is 5 percent of its net income donated to charitable organisations and/or a body that has been defined as a Maori association under the Maori Community Development Act 1962
Other sections in this legislation
| Offshore investment | Tax rules for PIEs | Tax on geothermal wells | Australian superannuation fund exemption | New rules for selecting SSCWT rates | Allowing documents to be removed for inspection | Military and police allowances | New rules for spreading income on the sale of patents | Organisations approved for charitable donee status | Consolidated groups and foreign losses | Assessments by the Commissioner | GST and financial services | GST on fringe benefits | GST grouping rules | Taxation of business environmental expenditure | Family assistance provisions | Rewrite amendments | Tax depreciation treatment of patents | Fringe benefit tax | Depreciation formula | Economic rate of depreciation | Calculating depreciation rates | Election to depreciate | Transitional residents | Death and asset transfers | New GST due date | Limit on refunds and allocations of tax | The imputation system and companies | Reverse takeovers | Changes in GST taxable periods | Miscellaneous technical amendments |