CBB
Close Search
 
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  |  Governance

ATO Releases Tax Guides for NFPs


5 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.

Staff Reporter | 5 July 2010 at 10:36 am


0 Comments


 Print
ATO Releases Tax Guides for NFPs
5 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



PB Careers
Get your biweekly dose of news, opinion and analysis to keep you up to date with what’s happening and why it matters for you, sent every Tuesday and Thursday morning.

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 or download our contributor guidelines.

Tags : ATO, Tax, Tax Guides,

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Your email address will not be published.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



YOU MAY ALSO LIKE

Community sector struggles under weight of pandemic

Maggie Coggan

Monday, 21st December 2020 at 6:44 pm

What happens when a charity becomes insolvent?

Maggie Coggan

Wednesday, 9th December 2020 at 6:19 pm

Community housing merger set to shake up the sector

Luke Michael

Monday, 7th December 2020 at 5:55 pm

Impact 25 Awards: It’s time to pick your social impact leader of 2020

Maggie Coggan

Tuesday, 24th November 2020 at 8:27 am

pba inverse logo
Subscribe Twitter Facebook
×