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Not-for-Profit and Charitable Organisations - Practical Tax Issues

Published on 15 Nov 2006 | Took place at Menzie Hotel, Sydney, NSW

The distinction between not-for-profit organisations and charities is often confusing and special rules surround the establishment and operation of these types of entities. Though similar in many respects, they differ markedly in regard to determining and managing their tax exempt status.

It is often tricky to determine which organisations may self assess their Income Tax exemption and those that are required to seek endorsement as an Income Tax Exempt Charity (ITEC). Layered on top of this is the additional endorsement that may be required for endorsement as a Deductible Gift Recipient (DGR) and also as a Tax Concessions Charity (TCC) in respect of indirect Federal taxes.

If this is not confusing enough the concept of a Public Benevolent Institution (PBI) overlays not only Income Tax and Fringe Benefits Tax but also State based taxes that in turn have their own requirements and thresholds.

These seminar materaisl are intended to provide a practical guide to navigating through all of the above issues and determining what is the appropriate classification for an organisation and what concessions are available to access at both a State & Federal Level.

Individual sessions

Not for profit and charitable institutions: what am I?

Author(s):  Philip DE HAAN

Topics covered in this paper include:

  • key differences - not-for-profit v charity v deductible gift recipient
    • not-for-profit types of entities
    • trusts v companies
    • fundraising v activities
  • income tax treatment
    • community organisations
    • prescribed private funds
    • other organisations.
Materials from this session: