A not-for-profit (NFP) organisation is an entity that is operating for its purpose and not for the profit or gain (either direct or indirect) of its individual members.
If you're starting up a new NFP organisation or you're involved in running an existing NFP organisation, there are some key things you need to do to ensure your organisation meets its tax obligations and accesses the right tax concessions.
Role of the ATO
When you start an NFP you may need to interact with us and other organisations. The role of the ATO for NFP's is to:
- provide endorsement of NFPs as deductible gift recipients
- provide endorsement for charity tax concessions
- register your NFP for any applicable taxes eg PAYG, GST and FBT
- provide advice and guidance over the phone or in writing
- ensure compliance with tax obligations and concessions
- consult with the sector through the Not-for-profit Stewardship Group.
Find out about:
- Starting an NFP
- Know your legal structure
- What type of NFP is your organisation?
- What tax concessions are available?
- Register your NFP
- Other registrations
- Getting endorsed
- Getting help - including our help line for NFPs
- Gifts and fundraising
- Your organisation
- Your workers
- Statements and returns
- Induction package
- Important tax matters for indigenous corporations