ATO's New Tax Basics for NFP's
23 August 2005 at 1:08 pm
This publication explains which taxes and concessions affect Not for Profit organisations and directs you to where you can find more detailed information.
This publication is essential reading for a NFP treasurer, office bearer or employee involved in the administration of a NFP organisation.
The new version replaces Tax basics for non-profit organisations (NAT 7966-05.2003) issued in May 2003.
The publication has been updated to include:
– the extended endorsement requirements that apply to charities
– an expanded discussion of goods and services tax (GST) concessions
– fringe benefits tax (FBT) concessions for public ambulance services and health promotion charities, and
– new concessions for contributions to fundraising events such as fundraising dinners and charity auctions.
Order a paper copy by phoning 1300 720 092 and quoting NAT number 7966 (this is a unique national identifying number the ATO gives its publications) or to receive a PDF version please email us at: firstname.lastname@example.org