When Payments Are Gifts For Income Tax Purposes

An IRD Public Consultation Process


The IRD draft Questions We've Been Asked (QWBA) on donee organisations and gifts has now been released for external consultation.

Download draft here.

The Commissioner understands some donee organisations (such as charities), along with their supporters, need more certainty on when payments are gifts for income tax purposes. This is important for donee organisations when issuing donation receipts, and for supporters when they seek to claim donation tax credits.

The purpose of this QWBA is to clarify when a donations receipt may be issued by a donee organisation. The QWBA also aims to provide some guidance on common fundraising activities.

This draft QWBA is an opportunity for donee organisations and their supporters to give the Commissioner feedback on the issues discussed in the QWBA before it is finalised. IRD is keen for the QWBA to accurately and fairly reflect tax legislation as well as be useful to donee organisations (charities), their supporters and advisors. 

Information about the public consultation process is available at www.ird.govt.nz/public-consultation

Consultation closes on 11 February 2016.


When Payments Are Gifts For Income Tax Purposes Public Consultation



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