Inquiry into Not-for-profit Entities – Tax Assessments
This submission has been prepared by the Charities and Not-for-profits Committee of the Law Council of Australia’s Legal Practice Section (the Committee). The Committee welcomes the opportunity to make this submission to the inquiry into Not-for-profit Entities – Tax Assessments within the following terms of reference:
The implementation by the Australian Taxation Office of the requirement that certain non-charitable not-for-profit entities that self-assess as income tax exempt must lodge an annual not-for-profit self-review return to confirm their eligibility to self-assess as income tax exempt from 1 July 2023, with particular reference to:
- the implications of this requirement for Australia’s not-for-profit community and the Australian Charities and Not-for-profits Commission; and
- any other related matter.
Read the full submission below.
Last Updated on 11/10/2024
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