You can claim a tax rebate for any donations made during the tax year. Just submit a donation receipt at any time through the year, or submit them all together at the end of the tax year.
The easiest way to submit a receipt for a donations is in myIR. Using myIR means IRD can work out your tax credit without you having to file a claim when the tax year ends on 31 March.
You need to wait till after end of the tax year to receive your tax credit. Most tax credits are paid by June each year.
First, gather your information. You'll need:
- receipts for your donations
- your bank account number
- to be registered to a Donation tax credit account (You can register in myIR - select it from the list when you click on 'More' under 'I want to' in myIR.)
Then, submit copies of your receipts online. You can upload photos or scans of your receipts to myIR at any time including after the tax year has finished. You will not need to file an IR526 claim form.
What happens next?
After the tax year ends on 31 March IRD work out your tax credit. They'll be in touch if they need more information.
If you have a tax debt they'll put your tax credit towards your debt and refund you any remaining money. Otherwise they'll pay your tax credit into your bank account. They pay most tax credits by June each year.
If you're an IR3 filer they'll hold your tax credit until you've filed your IR3 tax return and they can confirm your income.
Instead of having your tax credit paid into your bank account you can transfer it to your tax account, or to someone else's tax account. For example, you might know you have a tax bill coming up so you can put the money in your tax account to help pay the bill.
You cannot transfer your tax credit to a donee organisation. You would need to make a separate donation to the organisation.