New Zealand Inland Revenue has issued Interpretation Statement (IS) 26/10: Income tax implications of providing sponsorship, which updates and replaces IS3229 Deductibility of sponsorship expenditure. IS 26/10 considers the income tax implications for a business that provides sponsorship to an organization, event, person, or cause, and the deductibility of the sponsorship expenditure. Inland Revenue has also published a related Fact Sheet on the tax implications of providing sponsorship, p…