Overseas donee status
Lists organisations that apply some or all of their finds for overseas purposes and have been granted donee status for the 2012-13 income tax.
Schedule 32 of the Income Tax Act 2007
The following organisations have been granted overseas donee status from the 2012-13 tax year:
- Jasmine Charitable Trust No. 2
- New Zealand Good Samaritan Heart Mission to Samoa Trust
- NZ-Iraqi Relief Charitable Trust
- RNZWCS Limited
- Ruel Foundation
- The Cambodia Charitable Trust
- The Unions Aotearoa International Development Trust.
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 amendments will apply from 1 April 2012.