Not-for-profit community

This community is designed to keep you up to date on the latest tax issues affecting the not-for-profit sector. It’s also an opportunity for you to ask questions, raise concerns and have your say on how we can improve our communication with you.

This community is designed to keep you up to date on the latest tax issues affecting the not-for-profit sector. It’s also an opportunity for you to ask questions, raise concerns and have your say on how we can improve our communication with you.

  • GST and supplies by charities for nominal consideration – benchmark market values

    about 2 months ago
    GST and supplies by charities for nominal consideration – benchmark market values consultation is now CLOSED.
    Haveyoursay button

    Published: Friday 7 December, 2018

    Consultation outcome/results

    Thank you for providing us with feedback on our guidance GST and supplies by charities for nominal consideration - benchmark market values which was updated to help you determine if your charitable organisation's supplies of accommodation and meals are GST free.

    We received two pieces of feedback via Let’s Talk and a number of responses through our GST mailbox.

    The common feedback themes were:

    • Requesting additional locations for the updated long-term accommodation benchmark market rents.
    • Requesting clarity around the use of benchmarks for the term of...

    Published: Friday 7 December, 2018

    Consultation outcome/results

    Thank you for providing us with feedback on our guidance GST and supplies by charities for nominal consideration - benchmark market values which was updated to help you determine if your charitable organisation's supplies of accommodation and meals are GST free.

    We received two pieces of feedback via Let’s Talk and a number of responses through our GST mailbox.

    The common feedback themes were:

    • Requesting additional locations for the updated long-term accommodation benchmark market rents.
    • Requesting clarity around the use of benchmarks for the term of a tenancy agreement for long-term accommodation.

    The ATO will respond to this feedback in the following way:

    • We will update our guidance to clarify how the benchmarks apply in relation to term of tenancy agreements, in particular, where that tenancy agreement exceeds 12 months.
    • As the data provider only provided us with the data for the locations as shown on our guidance, we cannot provide benchmark market rents for long term accommodation for additional locations.

    Published: Friday 21 September, 2018

    Do you have any feedback on GST and supplies by charities for nominal consideration – benchmark market values?

    We have recently updated our web content on GST and supplies by charities for nominal consideration - benchmark market values. We have provided updated guidelines on when you qualify to use the benchmark market values. This includes guidance on what you need to do if you already have a market valuation, more detailed benchmark market values for supplies of long-term accommodation and transitional arrangements. We want to see if our guidance on when you qualify to use the benchmark market values and the transitional arrangements is easy to understand. We will look to improve the web content based on your feedback.

    The GST and supplies by charities for nominal consideration – benchmark market values webpage

    Consultation closes on Friday 26 October, 2018.

    Use our confidential feedback form to .

    Published: Tuesday 28 February, 2017

    Review of GST and non-commercial rules - benchmark market values (QC 32370).

    Background:

    We are currently reviewing this publication with particular attention to Table 5: Long-term accommodation – weekly figures.

    Accommodation supplied by an endorsed charity or gift-deductible entity is GST-free if the consideration received for the accommodation is less than 75% of market value including GST.

    The weekly accommodation rates in Table 5 are provided to assist those in the industry by relieving the administrative costs associated with obtaining independent market valuations and are one option that may be used to determine the GST status of supplies of long term accommodation. Entities are also able to obtain their own market valuations and are not required to rely on the figures in Table 5.

    The long-term accommodation weekly figures currently contained in Table 5 remain appropriate for the 2015, 2016 and 2017 years.

  • Webinar: Tax basics for not-for-profits

    over 1 year ago
    Attend our free webinar to help you understand tax basics for not-for-profit (NFP) organisations.

    The webinar will cover:

    • an overview of tax considerations in establishing or reviewing an NFP organisation
    • income tax implications
    • whether an NFP organisation should register for GST and other taxes
    • what concessions are available
    • tax or superannuation obligations if an NFP organisation hires workers
    • how fundraising may be affected by income tax or GST, and what records NFP organisation needs to keep.
    This webinar is designed for charities, NFPs and advisors representing these organisations....
    Attend our free webinar to help you understand tax basics for not-for-profit (NFP) organisations.

    The webinar will cover:

    • an overview of tax considerations in establishing or reviewing an NFP organisation
    • income tax implications
    • whether an NFP organisation should register for GST and other taxes
    • what concessions are available
    • tax or superannuation obligations if an NFP organisation hires workers
    • how fundraising may be affected by income tax or GST, and what records NFP organisation needs to keep.
    This webinar is designed for charities, NFPs and advisors representing these organisations.

    Register today to secure your place.

    Webinar details:
    Wednesday 6th September, 11.00am - 12.00pm AEST

    Next steps:
    Register here.
  • Webinar: Understanding mutuality and taxable income

    over 1 year ago
    Updated: Thursday 19 July 2017

    Listen to our Understanding mutuality and taxable income webinar to find out how mutuality and income tax applies to NFP clubs, societies and associations. The webinar helps NFPs to:
    • work out if they need to lodge an annual income tax return
    • calculate their taxable income.

    The webinar is designed for charities, NFPs and advisors representing these organisations.

    You can view the presentation slides here.

    Watch:
    Updated: Thursday 19 July 2017

    Listen to our Understanding mutuality and taxable income webinar to find out how mutuality and income tax applies to NFP clubs, societies and associations. The webinar helps NFPs to:
    • work out if they need to lodge an annual income tax return
    • calculate their taxable income.

    The webinar is designed for charities, NFPs and advisors representing these organisations.

    You can view the presentation slides here.

    Watch:
  • GST for NFPs

    almost 2 years ago

    This webinar was delivered on 27th April 2017.

    Download the presentation

    Watch the recording below.



    Does your not-for-profit organisation need to pay GST? Do you know if you’re entitled to GST concessions? Join our free webinar and we’ll answer some of your frequently asked questions.

    During the webinar, ATO technical specialist James Francis will discuss:

    • GST implications for an NFP organisations
    • whether an NFP organisation should register for GST
    • what GST concessions are available
    • GST record keeping and tips and traps.

    This webinar is designed for charities, NFPs and advisors representing these...

    This webinar was delivered on 27th April 2017.

    Download the presentation

    Watch the recording below.



    Does your not-for-profit organisation need to pay GST? Do you know if you’re entitled to GST concessions? Join our free webinar and we’ll answer some of your frequently asked questions.

    During the webinar, ATO technical specialist James Francis will discuss:

    • GST implications for an NFP organisations
    • whether an NFP organisation should register for GST
    • what GST concessions are available
    • GST record keeping and tips and traps.

    This webinar is designed for charities, NFPs and advisors representing these organisations.

    If you have any questions about GST for NFPs, you can ask them in our Q&A section.
  • FBT for NFPs webinar

    almost 2 years ago
    This webinar was conducted on April 7.

    Read the presentation slides.

    Watch the webinar recording below.



    Have questions about FBT? We have answers. Come along to our FBT for NFPs webinar and hear our technical expert Phil Turnour discuss:

    • registering for FBT
    • FBT rebates and exemptions – an introduction
    • tips for completing an FBT return
    • recent changes to FBT affecting NFPs

    This webinar is designed for charities, NFPs and advisers representing these organisations.

    Places are limited so be sure to register for this webinar ahead of time.

    If you have any questions about FBT for NFPs, you can ask them in our Q&A section.
    This webinar was conducted on April 7.

    Read the presentation slides.

    Watch the webinar recording below.



    Have questions about FBT? We have answers. Come along to our FBT for NFPs webinar and hear our technical expert Phil Turnour discuss:

    • registering for FBT
    • FBT rebates and exemptions – an introduction
    • tips for completing an FBT return
    • recent changes to FBT affecting NFPs

    This webinar is designed for charities, NFPs and advisers representing these organisations.

    Places are limited so be sure to register for this webinar ahead of time.

    If you have any questions about FBT for NFPs, you can ask them in our Q&A section.
  • Webinars

    about 2 years ago