Inland Revenue’s Statement outlines the tax treatment and obligations that apply to charities and donee organisations and how the Commissioner will apply the relevant legislation. The statement consists of two parts:

• Part 1: charities
• Part 2: donee organisations.

CA ANZ recommended:

• The final operational statement is accompanied by a fact sheet (with visuals such as flowcharts and tables) that summarises the main points/conclusions drawn on the matter and also links to relevant resources and email addresses included in the documents
• The exemption from the trust disclosure rules should be added in the appropriate places of Part 1 of charities
• The application dates should be prospective.