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New Zealand considers taxing business income of charities to simplify rules and ensure fairness.
The New Zealand government is consulting on potential changes to tax rules for charities and not-for-profits, questioning the tax exemption for business income.
With around 40% of charities reporting business income, potentially totaling $2 billion, the consultation seeks to simplify tax rules, reduce compliance costs, and ensure tax fairness.
Feedback can be submitted until March 31, 2025.
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Nueva Zelandia considera que gravar los ingresos comerciales de las organizaciones benéficas para simplificar las normas y garantizar la equidad.