New Tax Guides for NFPs

The ATO’s Deputy Commissioner for Small Business, Neil Mann, has launched a new series of Tax Office Not for Profit publications to replace CharityPack, GiftPack and ClubPack.

Mann says the Tax Office has an ongoing commitment to the non-profit community and recognises the unique nature of NFP organisations and the need to continue to develop tailored products and services for non-profit organisations.

Mann also recognised the important role played by those who work for Not for Profit organisations and asked for their assistance in helping place these new publications into the “useful tax information file” of every Not for Profit organisation in Australia.

Myles McGregor-Lowndes, from the Centre of Philanthropy and Nonprofit Studies at the Queensland University of Technology, and John Emerson, a partner at Freehills in Melbourne took part in the launch in Sydney.

The Deputy Commissioner took the opportunity to acknowledge the assistance both men give in helping the Tax Office appreciate differing perspectives on the NFP community and the issues relevant to them.

The new publications are:

Tax basics for non-profit organisations (NAT 7966) is for all Not for Profit organisations. This publication:
 provides an overview of tax obligations and concessions
 helps you identify which taxes affect your organisation, including income tax, fringe benefits tax, goods and services tax, and pay as you go, and
 explains where you can find more detailed information.

Income tax guide for Not for Profit organisations (NAT 7967) helps you work out if your organisation is exempt from income tax, explains the endorsement process for charities, and provides information about income tax for non-profit organisations that are not exempt.
This new publication combines significant information from the publications CharityPack and ClubPack, which were produced in 2000. It also updates these publications to include legislative changes and to advise you of further proposed changes to the law.

GiftPack for deductible gift recipients & donors (NAT 3132) explains who can receive tax deductible gifts and the types of gifts that are tax deductible, as well as explaining how donors can claim tax deductions for their gifts.
This publication is an update of the GiftPack guide produced in 2000. It includes information on the types of tax deductible gifts donors can make and lists new categories of deductible gift recipients that have been legislated since 2000.

To obtain printed copies of these publications:
 phone 1300 720 092 and quote the NAT number (for example, NAT 7967 for Income tax guide for non-profit organisations) or

 write to the Australian Tax Office at GPO Box 9935 in your capital city.