Organisations aproved for charitable donee status
A list of organisations that have been granted charitable donee status from the 2007-08 tax year.
Section KC 5(1) of the Income Tax Act 2004 and Schedule 32 of the Income Tax Act 2007
The following organisations have been granted charitable donee status from the 2007-08 tax year.
- Hamlin Charitable Fistula Hospitals Trust;
- Hope Foundation Development Trust;
- Hope International Charitable Trust;
- Limbs 4 All Charitable Trust;
- New Zealand Disaster Assistance Response Team Trust;
- Operation Restore Hope Charitable Trust; and
- The World Swim for Malaria Foundation (New Zealand)
Donee status entitles donors to certain tax relief. For the 2007-08 tax year, the following limitations apply:
- Individual taxpayers will be entitled to a rebate of 33 1/3 percent of the amount donated, to a maximum rebate for all donations of $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 claim a maximum deduction of 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.
The amounts that may be claimed for the 2008-09 and future tax years is outlined under "Greater tax incentives for charitable donations".