Time is running out to lodge your 2023–24 income tax return or non-lodgment advice. Taxable NFPs with an income year ending 30 June must lodge their income tax return by Thursday 15 May.
If your NFP has an ATO-approved substituted accounting period, check your due date to lodge the 2023–24 income tax return as it is determined by your approved balance date.
Is your NFP taxable?
To be exempt from income tax, an NFP must meet the requirements to self-assess as income tax exempt or be a registered charity that is endorsed by us as income tax exempt.
NFP organisations that seek to advance the common interest of their members and do not benefit the broader community won't generally meet the requirements for income tax exemption. Examples of taxable NFPs include:
- social clubs and fraternal organisations
- some business and professional associations
- clubs whose main purpose is providing hospitality services for members
- political parties.
Find out more about taxable NFPs at Taxable NFP organisations.
How to lodge your income tax return
You can lodge the income tax return:
- online using Standard Business Reporting (SBR) enabled software
- with a registered tax agent
- by paper.
The lodgment due date for tax agents is the same as lodging through SBR enabled software or by paper.
To find out more about how to lodge, check out the Not-for-profit guide to the Company tax return 2024.
Who can notify us of a non-lodgment advice?
If you are a taxable NFP company and your taxable income is $416 or less, you can meet your obligation by sending us a non-lodgment advice instead. Any other taxable NFP, including partnerships and trusts, must lodge an income tax return regardless of your taxable income.
As an NFP company, you can submit your non-lodgment advice by phoning us, using a form or using a registered tax agent.
Requesting more time to lodge
If you're finding it hard to lodge and pay your income tax return in full and on time, you should contact us before the due date. Learn more at Support for businesses and not-for-profits.
If you miss the lodgment due date of 15 May 2025, you may be charged a penalty for failing to lodge on time. You must lodge as soon as possible.
For more information you can contact us.