New legislative requirements mean that not-for-profit organisations will need to obtain additional endorsements to maintain their eligibility for various tax concessions. Greg Smith takes up the story. New legislative requirements mean that not-for-profit organisations will need to obtain additional endorsements to maintain their eligibility for various tax concessions. Greg Smith takes up the story. An organisation’s status for tax is an important issue for its fundraisers and senior executives. In addition to the entitlement to be endorsed for income tax exemption, and certain fringe benefits tax (FBT) concessions, charities receive goods and services tax (GST) concessions affecting fundraising. GST-free treatments of the proceeds of raffles, sales of donated second-hand goods…
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