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Improvements to tax treatment for volunteers
Media Release
17 May 2007
Planned improvements to tax treatment of volunteers’ reimbursements welcomed
The announcement that the Government is to
undertake work to clarify and streamline the tax treatment
of volunteers’ reimbursement payments and honoraria is
welcomed by Volunteering New Zealand.
Many of the more than million plus volunteers in New Zealand also meet a range of expenses from their own funds. Some may receive reimbursement payments or honoraria from their host organisations as recompense for this.
“However this is an area of confusion and uncertainty in terms of taxation,” said Tim Burns, Executive Director of Volunteering New Zealand.
“By the letter of the law, even reimbursements of documented expenses should be declared in an annual tax return to Inland Revenue, even if not then taxed.
“Other payments such as honoraria and petrol payments without supporting documentation may be taxable.”
These are the areas which the Government has stated it will be working on. That is positive news, as is the National Party statement that volunteer’s reimbursement expenses should not be taxed.
“Reimbursement payments to volunteers should be treated in the same manner as those received by paid workers and this should include payments such as reasonable honoraria”, Mr Burns said.
Ends
Volunteering New Zealand
Leaders of Volunteering
Volunteering New Zealand (VNZ) is an association of New Zealand organisations that have a commitment to volunteering, such as volunteer centres, national and other organisations.
Volunteering New Zealand's mission is to promote, support and advocate for volunteering.
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