Company donors can claim for donations to an IRD-approved donee organisation.
Māori authorities have the same rules as companies. They can deduct the total amount of donations they’ve made for the financial year from their annual tax return, as long as it’s not more than the Māori authority’s net income (as worked out before taking the deduction into account).
Payroll giving is a way for someone to donate to an organisation straight from their pay. This means the person can receive the tax credits immediately, rather than having to file for them at the end of the financial year. An individual can only participate in this scheme if their employers are eligible and choose to offer it.
Only companies that file their EMS (IR348) and EDF (IR345) electronically using ir-File can offer payroll giving.
If an employer chooses to offer the scheme, they are responsible for: