Reporting requirements to self-assess income tax exemption

What the new reporting requirement means to the administration of NFP entities.

The annual self-review return for the 2023–24 year can be lodged using ATO online services.

The first self-review return needs to be lodged for the 2023–24 income year and each subsequent income year.

NFPs that need to lodge the annual self-review return can lodge through Online services for business.

All non-charitable NFPs are required to lodge an annual self-review return to self-assess for income tax exemption.

Organisations that are not required to lodge an annual self-review return.

What you need to check and prepare before lodgment.

Transitional support arrangements will be available if you need more time to meet obligations.

Contact us so we can work with you to address your lodgment obligations.

You can subscribe to our NFP newsletter to stay informed about the new reporting requirements.