Charities urged to brush up on new tax laws - New Zealand's source for business, stock market & currency news on Stuff.co.nz: "New Zealand's estimated 35,000 charities are being urged to start preparing for new tax laws or risk having to pay tax in 18 months.
Graeme McGlinn, of accountants Grant Thornton, said the new legislation aimed to provide more information and transparency about charities, and encourage them to register with the new Charities Commission.
Registered charities would not have to pay income tax and donors to them would not have to pay gift duty and might be eligible for a tax rebate."
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