Lodgment rules

Non-profit companies

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 of $416 per year, it is not required to lodge a tax return for that year.

Taxable income is rounded down to the nearest dollar – that is, cents are ignored.

Table: Non-profit company lodgment rules

Taxable income

Is the company required to lodge a return?

0 - $416


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

$417 and above


Example: Rounding down to nearest dollar

An organisation's taxable income is $416.73. It reports its taxable income as $416.

End of example

We explain how to calculate taxable income in Taxable income and mutuality.

Other taxable companies

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

Company tax return

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

To know how to complete the company tax return, see Guide to company tax return for not-for-profit organisations.

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    Last modified: 23 Jun 2016QC 23099