Individuals making a donation of $5.00 or more to a registered charity can now claim a tax rebate of 33.33% on the donated amount up to the level of their taxable income.
From the 2008-2009 tax year companies can claim a tax deduction on donated amounts limited to the amount that would be the company’s net income before taking the donation deduction into account.
A Maori Authority can now claim a deduction for all donations it makes to a Maori association and all charitable or other public benefit gifts it makes to a society, institution, association, organisation, trust or fund. This deduction is limited to the amount that would be the Maori Authority’s net income before taking the donation deduction into account.