Just another reminder that the annual returns (Form 4) for the year ended 30 June 2013 need to be with the Charities Commission BEFORE 31 December 2013. These can be sent either online or by a paper based return. Its cheaper to do an online return. Go to www.charities.govt.nz .
I have sent out all the reminders that I have received from the Charities Commission.
The Government will include changes to the tax treatment of employee allowances, reimbursements and employer-provided accommodation in the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Bill, which will be introduced later this month.
The main proposal that will affect Churches is:
- When an accommodation benefit is taxable, it will generally be valued at its market rental value. However, for reasons of fairness, a specific valuation rule is proposed for ministers of religion, to reflect longstanding past practice. In that case the taxable value will be capped at 10% of the minister’s remuneration, subject to the accommodation being commensurate with the minister’s position and ministry location.