ato logo
Search Suggestion:

NFP self-review return requirement

What the new reporting requirement means to the administration of NFP entities.

Last updated 1 May 2024

On 11 May 2021, the Australian Government announced changes to the administration of NFP entities that self-assess as income tax exempt. This was announced as part of the 2021–22 Federal BudgetExternal Link.

The changes require non-charitable NFPs with an active Australian business number (ABN) to lodge an annual NFP self-review return to self-assess their eligibility for income tax exemption.

The annual reporting requirement came into effect from 1 July 2023 and is designed to enhance transparency and integrity in the system, by ensuring only eligible NFPs access income tax exemption.