This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.
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For income tax purposes, taxable non-profit organisations are treated as either:
- non-profit companies, or
- other taxable companies.
A non-profit organisation does not need to be incorporated to be treated as a company for income tax purposes.
Non-profit companies that are Australian residents have a taxable threshold. If the taxable income of an Australian non-profit company in an income year is below the threshold, it is not required to lodge a tax return for that year.
The taxable threshold for the 2011-12 income year is $416 of taxable income.
However, the ATO may notify a particular company that it is required to lodge a return.
Other taxable companies are taxed on every dollar of taxable income. They must lodge a tax return each year.
Non-profit companies and other taxable companies use the company tax return.
For more information, including working out whether your organisation is a non-profit company or other taxable company, see Lodgment rules and tax rates in Mutuality and taxable income.
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