Guide to company tax return for non-profit organisations 2011

Lodgment rules

For income tax purposes, taxable non-profit organisations are treated as either:

• non-profit companies, or
• other taxable companies.

A non-profit organisation does not need to be incorporated to be treated as a company for income tax purposes.

To work out if your organisation is a non-profit company or other taxable company, refer to Non-profit or other taxable company in our guide Mutuality and taxable income.

Non-profit companies that are Australian residents have a taxable threshold. If the taxable income of a non-profit company in an income year is below the threshold, it is not required to lodge a tax return for that year.

The taxable threshold for the 2010-11 income year is $416 of taxable income.

However, the ATO may notify a particular company that it is required to lodge a return.

Other taxable companies are taxed on every dollar of taxable income. They must lodge a tax return each year.

Non-profit companies and other taxable companies use the company tax return to lodge a return.

For more information, refer to Lodgment rules and tax rates in our guide Mutuality and taxable income.

Sections within Introduction

• Lodgment rules
• Calculating taxable income
• Lodging a company tax return