Not-for-profit self-review return due March
As the Not-for-profit self-review tax return is due in March, the ATO has published their Q&As ‘busting’ various NFP ‘myths’.
New lodgment obligation for income tax exempt organisations
Annual NFP Self-Review Return Requirement Ensuring Income Tax Exemption Eligibility for Non-Charitable Not-for-Profits Non-charitable not-for-profits (‘NFPs’) with an active ABN, including community service organisations, need to lodge an annual NFP self-review return to notify their eligibility for income tax exemption. To be eligible to self-assess as income tax exempt, the organisation’s main purpose must be […]
