Non-Profit News Service No. 0219 - New version of Fundraising guide
The Tax Office has released a new version of its guide Fundraising (NAT 13095-09.2008) for non-profit organisations. The new version replaces the one we issued in March 2005.
Theguide explains the tax treatment of various fundraising activities and the concessions available. It also outlines state, territory and local government requirements in relation to fundraising.
The new version incorporates changes to the tax law since we last issued the guide. These include:
new tax deductions for gifts and contributions of shares
new deductible gift recipient (DGR) categories for the relief of victims of disasters
changes to the gift fund requirements for DGRs
changes to the limits for tax deductible contributions
changes to the goods and services tax (GST) registration turnover and cash accounting thresholds, and
changes to the fringe benefits tax minor benefits threshold.
Paper copies of the guide can be ordered by phoning 1300 720 092 or visiting our online ordering system.
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