Good360
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  | 

Tax Update - NFP and Car Sales


Monday, 12th December 2005 at 12:12 pm
Staff Reporter
The Australian Tax Office has updated its Charities and motor vehicle trade-ins fact sheet.

Monday, 12th December 2005
at 12:12 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Tax Update - NFP and Car Sales
Monday, 12th December 2005 at 12:12 pm

The fact sheet Charities and motor vehicle trade-ins has been updated to include important GST information about the non-commercial rules for charities that trade-in motor vehicles.

The updated fact sheet is useful if your organisation:
– purchases vehicles by trading in a current vehicle
– sells vehicles at auction, or
– has ever treated a GST-free trade-in as a taxable trade-in.

The fact sheet explains when you should issue a tax invoice to a car dealer, what your GST obligations are when issuing tax invoices and what to do if you need to correct a GST mistake.

If you would like a copy in WORD format just send us an email with the words
ATO Motor Trade-Ins Fact Sheet in the subject line to probono@probonoaustralia.com.au.

Or go to www.ato.gov.au/nonprofit




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Tags : Taxation,

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Court Decision Points the Way to DGR Category Simplification

Lina Caneva

Tuesday, 24th June 2014 at 11:00 am

NDIS Levy Confirmed

Staff Reporter

Tuesday, 30th April 2013 at 10:44 am

Charity Regulator to Clash with State Regulators

Staff Reporter

Tuesday, 31st July 2012 at 12:16 pm

New Amendment Shores Up NFP Payroll Tax Loophole

Staff Reporter

Wednesday, 25th July 2012 at 2:52 pm

POPULAR

Morrison vows to prioritise NDIS following election win

Luke Michael

Monday, 20th May 2019 at 4:05 pm

Guide dogs business venture set to shake up traditional charity model

Maggie Coggan

Monday, 13th May 2019 at 4:11 pm

Australia set to face UN scrutiny over disability rights

Luke Michael

Friday, 17th May 2019 at 4:45 pm

Destiny Rescue
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!