Lodging an income tax return as a taxable organisation
Some NFP organisations are taxable. To identify if you need to lodge a tax return or if you can notify us of a non-lodgment advice, you must first identify if your organisation is a:
- NFP company
- other taxable company
- taxable trust or partnership
Find out what you need to lodge based on your NFPs structure and how it operates, at Taxable NFP organisations.
Self-assessing eligibility to income tax exemption
From 1 July 2023, non-charitable not-for-profits (NFP) with an active Australian business number (ABN) need to lodge an annual NFP self-review return to notify their eligibility to self-assess an income tax exemption.
The NFP self-review return must be lodged for the 2023–24 income year. Following this, a new return must be lodged for each subsequent income year. Follow the NFP self-review return guide to prepare your answer before lodging the return.
After completing the NFP self-review return, if you find out that your organisation is taxable, Transitional support is available if you need more time to meet lodgment obligations.