Taxation

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Helpful ATO products for NFP Administrators

Treasurers, office bearers or employees of not-for-profit organisations may find the following three Australian Taxation Office products helpful ...

(From Not-for-Profit Law Notes October 2015)

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Review of Overseas Aid Gift Deduction Scheme

The results of the roundtables and submissions for review of the Overseas Aid Gift Deduction Scheme (OAGDS) are now available on the DFAT OAGDS review website. Two reports are available ...

(From Not-for-Profit Law Notes August 2015)  Read more ...

Limiting FBT Concessions on Salary
Sacrificed Entertainment Benefits

The 2015 federal budget placed a cap on the ‘meal entertainment’ benefits (including holidays, cruises, weddings, and meals and alcohol in restaurants) available for salary packaging to charity and not-for-profit sector workers. These benefits are to be subject to a new reportable grossed-up exemption cap of $5,000 from 1 April 2016.

(From Not-for-Profit Law Notes July 2015)  Read more ...