Guide to Giving
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  • updates for publications withdrawn and replaced.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. 



Guide to Giving

FEATURED SUPPLIERS


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

Brennan IT

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

Yes we’re lawyers, but we do a lot more....

Moores

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

HLB Mann Judd

More Suppliers

Tags : ATO, Tax, Taxation,

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Susan Pascoe Appointed Head of Newly Formed Community Directors Council

Luke Michael

Friday, 22nd September 2017 at 5:21 pm

AICD Announces NFP Scholarships Across Australia

Luke Michael

Wednesday, 20th September 2017 at 12:10 pm

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

Ignoring Social Housing is a Recipe for Failure Expert Warns

Wendy Williams

Tuesday, 12th September 2017 at 4:49 pm

Write a Reply or Comment

Your email address will not be published.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


Guide to Giving
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!