IRD is undertaking a comprehensive review of the way in which staff benefits are taxed, with legislation expected this year and the changes to be effective from 1 April 2014. This will have a significant impact upon charities, which by definition includes churches. A NZ Herald article explains some of the intended changes and how it could affect charities.

Submissions on the proposed changes close 31 May 2012. Details on the rationale for the changes and how to make a submission can be found on Inland Revenue’s Policy Advice Division website.