ATO releases NFP checklist and self-review report guidance
The Australian Taxation Office (ATO) released a not-for-profit tax, super and registry responsibilities checklist to provide guidance to not for profits on the governance/lodgement’s requirements.
They also published a factsheet covering how not-for-profit organisations can prepare their self-review return to assess income tax exemptions. The first return for the 2023-24 financial year is due for lodgement by 31 March 2025.
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