Non-Profit News Service No. 0421 – Public consultation: role of tax concessions

The federal government is inviting the community to provide input into the design of its tax White Paper and has released the Re:think tax discussion paperExternal Link seeking community feedback. The community’s responses will inform the government’s tax options Green Paper, due to be released in the second half of 2015.

Chapter 7 of the paper considers the role of tax concessions for the not-for-profit (NFP) sector and invites discussion on the following questions:

  • Are the current tax arrangements for the NFP sector appropriate? Why or why not?
  • To what extent do the tax arrangements for the NFP sector raise particular concerns about competitive advantage compared to the tax arrangements for for-profit organisations?
  • What, if any, administrative arrangements could be simplified that would result in similar outcomes, but with reduced compliance costs?
  • What, if any, changes could be made to the current tax arrangements for the NFP sector that would enable the sector to deliver benefits to the Australian community more efficiently or effectively?

You can make a submission on any issues raised in the discussion paper by Monday, 1 June 2015.

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    Last modified: 02 Apr 2015QC 44748