Busting NFP myths

News Tax & Compliance Guidance

Date: 3rd Feb, 2025 Source: Australian Taxation Office (ATO) Country: Australia Original Source

Brief

"On 25/03/2023, the Australian Taxation Office (ATO) issued an update regarding Busting NFP myths. The ATO clarified that Not-for-profit organisations with active ABNs must lodge an annual self-review return to notify their income tax exempt status, and only those meeting specific conditions are eligible for exemption."

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Australian Taxation Office (ATO)

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Busting NFP myths

Brief

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Busting NFP myths

Brief

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