Reporting Requirements to Self Assess Income Tax Exemption Effective 2023/2024 Financial Year
On May 11, 2021, the Australian Government introduced changes to the administration of non-profit (NFP) entities that self-assess as income tax exempt, as part of the 2021–22 Federal Budget. From 1 July 2024, Not-for-profits (NFP) that need to lodge the annual self-review return can lodge through Online services for business. It’s important to note that NFPs may … Read more