Consultation starts on taxation and charities

Finance Minister Nicola Willis said the Government is committed to a strong charity and not-for-profit sector, as well as high levels of fairness and integrity in New Zealand’s tax rules.

“New Zealand not-for-profits make a significant contribution to the community, and the Government provides tax relief for not-for-profit organisations that meet certain requirements,” she said.

“It’s important the public has confidence they are getting value for money from these tax concessions.”

Revenue Minister Simon Watts said the issues paper canvasses options to “simplify rules, reduce compliance costs and address tax integrity risks”.

“It’s important we make sure the settings are right and fit-for-purpose,” he said.

“No decisions have been made, and all feedback will be considered.”

The discussion document explains and seeks public submissions on charity business income tax exemption, donor-controlled charities, and integrity and simplification.

Consultation closes on March 31, 2025.

Neither the word “church”, nor the word “religion”, are specifically mentioned in the issues paper.

FULL STORY

Consultation on charity tax settings open | Beehive.govt.nz Beehive.govt.nz

taxation-and-the-not-for-profit-sector.pdf IRD Issues paper: ‘Taxation and the not-for-profit sector’