Organisations approved for charitable donee status

Section KC 5(1) of the Income Tax Act 1994 and Income Tax Act 2004

The following organisations have been granted charitable donee status from the 2004-05 income year:

• Medicine Mondiale
• New Zealand Jesuits in India Trust
• Operation Vanuatu Charitable Trust

Donations made to these organisations will entitle individual taxpayers to a rebate of 33 1/3% 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% of that income.