Sweeping changes to the way charities and not-for-profit organisations are taxed in New Zealand, proposed by the government’s tax agency, Inland Revenue (IRD), have drawn sharp criticism from sector leaders and tax experts who warn the reforms are ill-defined, lack supporting data, and could significantly harm the country’s vital third sector. An officials’ issues paper, ...
A government review into the tax-exempt status of business activities carried out by New Zealand charities has ignited a complex debate, particularly focusing on the role and financial contributions of churches and other religious organisations within the country’s sprawling non-profit sector. At the heart of the discussion is the long-standing principle that allows registered charities, ...
WELLINGTON, New Zealand — The New Zealand government is considering significant changes to its charity tax laws, a move that could impact a wide range of organizations, from small community sports clubs to large, commercially active entities operating under charitable status. Finance Minister Nicola Willis confirmed on Tuesday that the government is consulting on proposed ...
