Certain organisations can choose to have all supplies they make in connection with a fundraising event treated as input taxed for goods and services tax purposes. (more…)
Archive for the ‘Non Profit’
GST concessions for charitable fundraising events
Sunday - February 7th, 2010
New initiative to help the non-profit sector
Sunday - February 7th, 2010The ATO have developed a new initiative to help non-profit organisations understand their tax obligations and entitlement to tax concessions. (more…)
Donations to help earthquake victims in Haiti
Monday - January 18th, 2010Appeals have been launched to help victims of the disaster by collecting donations to support relief operations. (more…)
Endorsement application packs
Monday - November 9th, 2009Application packs for endorsement as a tax concession charity, income tax exempt fund and/or a deductible gift recipient. (more…)
New products released for private ancillary funds
Monday - October 19th, 2009The Tax Office has released new products to assist organisations seeking deductible gift recipient (DGR) status under the new category for private ancillary funds (PAFs) effective from 1 October 2009. Existing prescribed private funds (PPFs) became PAFs on this date. (more…)
IMB Community Foundation: community projects
Wednesday - October 14th, 2009The IMB Community Foundation is now open to receiving Letter’s of Request for those seeking funding for 2010 community projects. (more…)
Tax Office’s view on what is a charitable institution
Sunday - October 4th, 2009On 23 September 2009, the Full Federal Court in Sydney handed down its decision in FC of TV. Aid/Watch Incorporated 2009 ATC 20-131. The court held that while Aid/Watch’s objects were for the relief of poverty, its main purpose was political and thus it was precluded from being a ‘charitable institution’.
Government consultation on GST reforms: non-profit sub-entities
Thursday - October 1st, 2009The Assistant Treasurer recently released a second consultation paper on GST reforms that include non-profit sub-entities accessing the same GST concessions as parent entities. Consultation closes 9 October 2009.
Compliance Program 2009-10 released
Tuesday - September 8th, 2009On 6 August 2009, Tax Commissioner Michael D’Ascenzo released the Compliance Program 2009-10. The compliance program contains a non-profit organisations chapter that outlines the key priorities and activities for the non-profit market segment. (more…)
Gift funds – frequently asked questions
Tuesday - September 8th, 2009Frequently asked questions about gift funds including who must have a gift fund and how to set up, maintain and wind up a gift fund. (more…)