Good 360
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Leadership

New Version of Tax Basics for Not for Profits


Thursday, 11th August 2011 at 10:24 am
Staff Reporter
The Australian Tax Office has released a new version of its Guide to Tax Basics for Not for Profit organisations.

Thursday, 11th August 2011
at 10:24 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
New Version of Tax Basics for Not for Profits
Thursday, 11th August 2011 at 10:24 am

The Australian Tax Office has released a new version of its Guide to Tax Basics for Not for Profit organisations.

The Guide replaces the previous version issued in June 2007.

Tax basics for Not for Profit organisations provides an overview of tax obligations and concessions for NFPs. It helps identify which taxes affect different organisations, including income tax, fringe benefits tax (FBT), goods and services tax (GST) and pay as you go (PAYG).

The new version incorporates the changes outlined in the addendum to the previous version of the guide.

Other changes to the guide include:

  • a new diagram showing the relationship between the types of Not for Profit organisations
  • additional information on salary sacrifice and gifts made to deductible gift recipients (DGRs)
  • information on record keeping requirements for DGRs
  • additional information on reporting
  • and paying tax, including lodging annual income tax returns
  • updates for publications withdrawn and replaced.

Copies of the guide can be ordered online here or by phoning 1300 720 092 and quoting 'NAT 7966' – NAT numbers can be used to order publications that are available in paper format. 



FEATURED SUPPLIERS


Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

...


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

More Suppliers

Tags : ATO, Tax, Taxation,

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Australian Gift Deductions Take a Great Leap Forward

Lina Caneva

Thursday, 12th October 2017 at 8:10 am

Charities Give Feedback on Govt Paper to Encourage Social Impact Investment

Rachel McFadden

Monday, 24th July 2017 at 9:57 am

New Paper Details Potential Reforms to DGR Status

Wendy Williams

Friday, 16th June 2017 at 9:57 am

NFPs Need to Be Aware of What Attracts ATO Attention

Terry Hayes

Wednesday, 22nd March 2017 at 12:57 pm

POPULAR

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

Concerns Raised Over New ACNC Board Appointments

Luke Michael

Monday, 20th November 2017 at 2:28 pm

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Adelaide at the Vanguard of Ending Street Homelessness Globally

Wendy Williams

Tuesday, 21st November 2017 at 8:43 am

Write a Reply or Comment

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


Good 360
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!