Tax Receipts Frequently Asked Questions


When will I receive my tax receipt from TEAR Fund?

If TEAR Fund has your email address, you will receive your tax receipt for Year Ending March 31, 2011 on Friday 22nd April 2011, otherwise your tax receipt will be mailed out on Friday 29th April 2011. 


Why should I claim a credit (formerly rebate)?

If you do not claim a credit the money remains with the government.  However, if you do claim your credit, you can make your initial donation work again by donating it back to TEAR Fund.  We have a growing number of people who do this each year, and on behalf of the missions and projects, we thank you for your support. 


How do I donate my credit (formerly rebate) to TEAR Fund?

To donate your credit (or part of your credit) to TEAR Fund click on the link below and follow 3 simple steps.


HOW TO DONATE YOUR CREDIT TO TEAR FUND >>


How do I claim a credit?

If you didn’t claim for a credit (formerly rebate) last year, you will need to get the credit claim form (IR 526) from the IRD website www.ird.govt.nz, or by calling the INFOexpress on 0800 257 773.


What if I don’t receive a tax receipt or lose my original copy?
 
Contact TEAR Fund on enquiries@tearfund.org.nz or phone 0800 800 777 and we will be able to send you a copy. Be sure to tell us which period you are requesting a copy for.


If I want a copy for my partner do I need to contact TEAR Fund for another tax receipt?

You don’t need TEAR Fund to prepare separate receipts if you are sharing a receipt between yourself and your partner – you only need to complete another credit claim form and attach a note explaining that you are sharing receipts and give their name and IRD number.


When do the new tax law changes affect my giving?

The new tax changes take place for any donations made post 1 April 2008.


How do the new tax law changes affect my giving?
Donations made since 1 April 2008:

• Individuals will no longer be restricted to the $1,890 limit for the donations credit. They will now be able to claim a credit up to the level of their annual net income. The credit is calculated as 33% of eligible donations.
• The 5% maximum limit for companies has been removed and they too will be able to claim a tax deduction for donations up to the level of their annual net income.
• The company deduction is also being extended to unlisted companies with five or fewer shareholders.

If you would like asssistance with how to donate your tax credit to TEAR Fund, or would like more information, please don't hesitate to call us on 0800 800 777.