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Australia: Tax concessions for the not-for-profit sector

Thursday, 15 November 2012   (0 Comments)
Posted by: SAIT Technical
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By Taxvine (Tax Institute Australia)

The Not-for-profit Sector Tax Concession Working Group has released a consultation paper on tax concessions for the not-for-profit (NFP) sector: Fairer, simpler and more effective tax concessions for the not-for-profit sector (November 2012).

The Working Group is seeking feedback on how tax concessions for the NFP sector could be made fairer, simpler and more effective.

In this paper, the Working Group considers the history and current status of tax concessions for the not-for-profit sector and seeks the views of the not-for-profit sector and the broader community on a number of reform options. The reform options canvassed in the discussion paper have been put forward merely to gather information that will assist the Working Group to evaluate each option.

The closing date for submissions is Monday, 17 December 2012.

Over the next six months, the Working Group will consider submissions made in response to this discussion paper and conduct targeted consultation with interested stakeholders. These consultation activities will assist to shape the Working Group's final report to the Government in March 2013.



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