To address concerns about misuse of the rules around claiming a tax credit for donations, from April 1, two legislative changes will take effect on donee organisations’ status. However, under the new legislation, donee organisations that are not currently registered will have until April 1 2020 to register to qualify for or retain their donee organisation status. From April 1, previously self-assessed donee organisations will be required to seek approval from the IRD to obtain their status. Further, in the period leading up to April 1, it may be wise for every organisation thinkingit has, or would like, donee organisation status to take stock of their current and future status, and consider what remedial action may be required. The time to act is now to ensure that donee status can be retained.

Source: Otago Daily Times February 16, 2020 15:33 UTC