DEV-19-MIN-0058 – Minute: Overseas donee status: new additions for inclusion in the next available taxation bill

Date 3 April 2019
Reference DEV-19-MIN-0058
Document type Cabinet committee minute
Title Overseas donee status: new additions for inclusion in the next available taxation bill
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Overseas Donee Status: New Additions for Inclusion in the Next Available Taxation Bill

Portfolio Revenue

On 3 April 2019, the Cabinet Economic Development Committee:

1 agreed that the following charities are granted overseas donee status and listed in schedule 32 of the Income Tax Act 2007:

1.1 Little Brothers and Sisters International;

1.2 Partners Relief and Development – New Zealand;

1.3 Project Moroto;

1.4 UN Women National Committee Aotearoa New Zealand Incorporated;

2 agreed that the charities listed above have overseas donee status from the 2019–20 and following income years (starting 1 April 2019);

3 noted that the above proposals have the following estimated fiscal cost, which will be treated as a forecasting change:

  $million – increase/(decrease)
Vote Revenue Minister of Revenue 2018/19 2019/20 2020/21 2021/22 2022/23 & outyears
Crown Revenue and Receipts:
Tax Revenue
(0.000) (0.106) (0.143) (0.197) (0.223)

4 agreed to include the charities listed in paragraph 1 in the next omnibus taxation bill scheduled for introduction in mid-2019;

5 invited the Minister of Revenue to issue drafting instructions to Inland Revenue to give effect to the above proposals.

Janine Harvey
Committee Secretary


Present:
Hon Kelvin Davis
Hon Grant Robertson (Chair)
Hon Phil Twyford
Hon David Parker
Hon Nanaia Mahuta
Hon Stuart Nash
Hon Iain Lees-Galloway
Hon Jenny Salesa
Hon Damien O’Connor
Hon Julie Anne Genter
Hon Eugenie Sage

Officials present from:
Officials Committee for DEV

Hard-copy distribution:
Minister of Revenue