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30 Mar 09 GST and gambling activities for non-profits

The ATO has published Non-Profit News Service No 0235 entitled "GST and gambling activities". It explains that in most cases, gambling sales an organisation makes (such as lotteries or gaming machine activity) are taxable. However, the organisation need only apply GST to the margin on these taxable gambling sales – not to each individual sale.

For a copy of Non-Profit News Service No 0235, go here.

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