Non-Profit News Service No. 0364 - NFP Sector Tax Concession Working Group announced

On 12 February 2012, the Minister for Social Inclusion and the Assistant Treasurer announced the membership and terms of reference of a new working group, the Not-for profit Sector Tax Concession Working Group.

The working group will consider ideas for better delivering the support currently provided through tax concessions to the not-for-profit (NFP) sector. These include concessions for income tax, fringe benefits tax (FBT) and goods and services tax (GST), and deductible gift recipient (DGR) status.

Some extracts from joint media release No. 007 are included below:

"The NFP Sector Tax Concession Working Group will examine the current range of tax concessions and whether there are fairer, simpler and more effective ways of delivering the current envelope of support."

"The Working Group will form part of the NFP Sector Reform Council, and will ensure the Government hears the views of the sector on how we can best support it to do its good work."

"The Working Group will be chaired by Linda Lavarch, the chair of the NFP Sector Reform Council, and will include a diverse range of representatives from the NFP sector and also technical experts."

The working group is expected to complete its work by December 2012.

For information about the Non-Profit News Service, including how to subscribe and links to previous articles, see About the Non-Profit News Service. We encourage your feedback and suggestions for future topics to be covered by the news service. You can do this by: emailing us at npc-publications@ato.gov.au phoning us on 1300 130 248.