Month: April 2012


Is time to update the definition of charitable purpose?

By Hayes Knight – 26 April 2012 The Charities Commission hosted a forum to specifically explore the appropriateness of the existing definition of “charitable purpose” in New Zealand. This two day event was held in Wellington on 17 and 18 April 2012. Those selected to attend represented a cross section of people involved in the […]

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FBT exemption for charities under threat

Fringe Benefit Tax (FBT) exemption for charities under threat in New Zealand A new proposal could see charities effectively losing their current tax advantage of not having to pay Fringe Benefit Tax (FBT). A tax policy issues paper has been released outlining a number of suggestions for broadening the tax rules around salary and wage […]

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Protect yourself from event fraud

By Hayes Knight – 12 April 2012 The news at the end of March, that the organiser of a rugby sevens tournament in Queenstown faces fraud related charges, is a timely reminder of the need for event organisers and sports organisations to have tight systems in place. Here’s some good advice from specialist sports lawyer […]

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Taxation of Livestock, Herd Scheme, Hayes Knight

By Shelley-ann Brinkley – 4 April 2012 The Government has recently announced changes to the rules around the taxation of livestock… While it is recognised that taxpayers have generally exercised fair use of the current regime, there are some who gain an unfair advantage by switching between the two available livestock valuation schemes; the “herd […]

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Giving New Zealand 2011

By Hayes Knight – 4 April 2012 Some great new research into how generous kiwis are has recently been released and shows that our giving is increasing. New Zealanders have doubled their donations to charitable causes in the past six years, a new report has revealed. The Giving New Zealand’ Philanthropic Funding Report 2011 commissioned […]

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Changes to UOMI rates

By Shelley-ann Brinkley – 2 April 2012 The use-of-money-interest rates charged by the IRD on underpaid and overpaid tax are periodically reviewed to ensure they reflect changes in the current market rates. Effective from 8 May 2012, the rate charged on underpaid tax will fall to 8.40% (from 8.89%), and the rate charged on overpaid […]

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Big changes coming for NFP entities

By Hayes Knight – 2 April 2012 After a period of relative stability there are a number of potentially significant changes coming down the line that will impact many NFP organisations in New Zealand. What is changing? Why? When are impacts likely? As featured in the April 2012 issue of Fundraising NZ magazine Readers of […]

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