Volunteering NZ Seeks To Improve Tax Benefits For Volunteers
Volunteering New Zealand made a submission to the Tax Working Group (on 30 April 2018) regarding making changes to the tax system to benefit volunteers and volunteering. A key recommendation is to give real consideration to the implementation of a ‘Volunteer Tax Rebate’.
The Tax Working Group look at ways to improve the fairness, balance and structure of the tax system in New Zealand over the next ten years and called for submissions for their interim report, which will be presented to Ministers in September 2018. In February 2019 the TWG will submit its final recommendations to the Government. It was therefore of high importance for VNZ, and its members to review and respond to this opportunity.
"Volunteers make a significant
contribution to the well-being of our society, and we would
be keen to see government formally recognise this
contribution in the form of some kind of tax concession
specifically for volunteers, similar to concessions granted
to charities more generally. It's important that our tax
system reflects the fact that not only is volunteering a key
contributor towards the culture of community in New Zealand,
but to the economy as well."
- Scott Miller, Chief Executive at Volunteering New Zealand.
Miller adds that this submission has been an excellent opportunity to signal to the government that further analysis of a volunteer tax rebate is warranted. “We would not support it if the costs to charitable and community organisations outweighed the benefits to the volunteering sector” noted Miller.