Tax law on volunteers' payments under review
Inland Revenue Department,
An issues paper 'The tax treatment of honoraria and reimbursements paid to volunteers' has been released by Inland Revenue.
It explores a number of options for clarifying and simplifying the tax treatment of reimbursements and honoraria paid to volunteers.
The paper seeks feedback on suggested ways of dealing with current uncertainties in the tax law relating to these payments to minimise, as much as possible, compliance costs for volunteers and non-profit organisations.
Submissions close on 14 December.
For more information see the government's media statement and the issues paper: "The tax treatment of honoraria and reimbursements paid to volunteers" at www.taxpolicy.ird.govt.nz.