Consultation #1:Taxation and the not-for-profit sector
The Inland Revenue Department are currently seeking feedback relating to the charities and not-for-profit sector. The consultation document considers whether certain tax concessions available to the sector continue to be effective. It also explores whether tax obligations can be simplified, and compliance costs minimised. The Government will consider feedback and decide whether any changes should be made to current rules.
The IRD questions are here.
If you want to get a handle on the issues, you can read an excellent issues paper by Craig Fisher & Steven Moe here.
Our Draft submission is here. We’re encouraging members to make their own submissions, telling IRD how the proposals are likely to impact your organisation.
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