Salary Survey 2018
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Leadership

ATO Releases Tax Guides for NFPs


Monday, 5th July 2010 at 10:36 am
Staff Reporter
The Australian Tax Office has released two new guides for Not for Profit clubs, societies and associations that aren’t exempt from income tax.

Monday, 5th July 2010
at 10:36 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
ATO Releases Tax Guides for NFPs
Monday, 5th July 2010 at 10:36 am

The Australian Tax Office has released two new guides for Not for Profit clubs, societies and associations that aren’t exempt from income tax.

The ‘Mutuality and taxable income’ guide explains the principle of mutuality and helps NFPs determine if they need to lodge an annual income tax return, and calculate their taxable income, including how to treat mutual dealing with their members.

The ‘Guide to company tax returns for non-profit organisations 2010’ helps taxable NFPs complete the Company tax return. The guide discusses common errors made when completing the tax return, and provides guidance on how to complete the return correctly, including a worked example.

Download the PDF guides here:

For more information visit www.ato.gov.au




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 : ATO, Tax, Tax Guides,

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Calls for Evidence As UK Takes First Look at Charity Tax Reliefs in 20 Years

Wendy Williams

Monday, 19th March 2018 at 5:05 pm

Advancement of Religion as Charitable Purpose In Question

Wendy Williams

Friday, 15th December 2017 at 10:15 am

Governance for Deductible Gift Recipients

Contributor

Tuesday, 12th December 2017 at 8:25 am

Australian Gift Deductions Take a Great Leap Forward

Lina Caneva

Thursday, 12th October 2017 at 8:10 am

POPULAR

Animal Shelter Loses Charity Status

Wendy Williams

Wednesday, 11th April 2018 at 5:20 pm

NFP Real Estate Agency to Drive Sydney’s Affordable Housing Supply

Wendy Williams

Wednesday, 11th April 2018 at 5:34 pm

NDIS Urged to Implement Portable Training System for Workers

Luke Michael

Tuesday, 17th April 2018 at 8:31 am

Write a Reply or Comment

Your email address will not be published.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


CSB
pba inverse logo
Subscribe Twitter Facebook

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

You have Successfully Subscribed!