Endorsement as Deductible Gift Recipients
17 May 2000 at 1:05 pm
Following our first e-Newsletter your questions on the GST highlighted the confusion over Deductible Gift Recipients under the new tax system.
From 1 July, 2000 a new compulsory endorsement process will operate for organisations seeking to or wishing to maintain Deductible Gift Recipient (DGR) status.
Generally, organisations that have current DGR status need to be endorsed from 1 July, 2000. The endorsement replaces current DGR confirmation arrangements and an organisation seeking endorsement must first obtain an ABN.
Your application for endorsement will be sent out to those who indicate on their ABN application that they are entitled to (or consider themselves to be entitled to) be a DGR.
The DGR endorsement does not cover income tax exempt charity (ITEC) status. and this is a separate process. Organisations that consider themselves to be a charity as well as a DGR should indicate this on their ABN application and make a further application for endorsement as an ITEC.
And one more point to remember in all this…you do not need to register for GST to apply for an ABN or DGR status!
For more info go to www.taxreform.ato.gov.au and follow the instructions for charities.