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Tax changes boost to charitable organisations

3 April 2008 Media Statement

Tax changes boost to charitable organisations


Community and Voluntary Sector Minister Ruth Dyson is reminding the public of the changes to tax rules on charitable giving which came into effect 1 April.

“These changes will be a real boost to those organisations and the communities they work with,” said Ruth Dyson.

By removing rebate thresholds, the Labour-led government is providing incentives for the public to donate more.

New Zealanders are already generous with time, money and in-kind donations. In 2006, New Zealanders donated over $356 million to charities and other non-profit organisations. This tax change is a way for the government to support and encourage that generosity.

“This can only be good news for charities and other non-profit organisations.

“These organisations provide valuable services and support in a wide range of areas including education, social services, and health. This is yet another way that the Labour-led government is helping to deliver the best possible outcomes to individuals, families and communities.”

ENDS

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