Support available for taxable 2023–24 lodgments
After completing a self-review of eligibility to income tax exemption, an organisation may find out they are taxable. For these organisations, transitional support arrangements are available to help them meet their lodgment obligations.
Transitional arrangements and additional time to lodge the NFP self-review return is also available.
Where your organisation determines they are a taxable for the 2023–24 income year, transitional support is available allowing time to meet your lodgment obligations. This includes:
- providing a concessional due date to lodge your income tax return and pay any income tax liability
- remission of any applicable general interest charge and penalties
- entering payment plans to allow any income tax liability to be paid progressively.
We also have guidance available to assist with reconstruction of tax records, if your organisation has not kept complete records available for the full financial year.
We are taking a practical compliance approach and will focus our resources on the lodgment of the 2023–24 income year and onwards. While our focus is on the 2023–24 income year and onwards we may take compliance action if we identify deliberate past tax evasion or fraudulent behaviour.
Concessional due date to lodge your 2023–24 income tax return
For organisations with an income year ending 30 June, you have up to 15 May 2025 to lodge your income tax return or notify us of a return not necessary. Find out what you will need to lodge at Taxable NFPs.
If your organisation has an ATO approved substituted accounting period (SAP) for income tax, your income tax return due date is determined by your balance date. Use the table to determine your income tax return due date for 2023–24.
|
SAP code |
Approved balance date |
2023–24 concessional income tax return due date |
|---|---|---|
|
A |
31 Dec 2023 December balancer |
31 January 2025 |
|
B |
31 Jan 2024 January balancer |
31 January 2025 |
|
C |
29 Feb 2024 February balancer |
31 January 2025 |
|
D |
31 Mar 2024 March balancer |
31 January 2025 |
|
E |
30 Apr 2024 April balancer |
28 February 2025 |
|
F |
31 May 2024 May balancer |
31 March 2025 |
|
G |
31 July 2024 July balancer |
31 May 2025 |
|
H |
31 Aug 2024 August balancer |
30 June 2025 |
|
I |
30 Sep 2024 September balancer |
31 July 2025 |
|
J |
31 Oct 2024 October balancer |
31 August 2025 |
|
K |
30 Nov 2024 November balancer |
30 September 2025 |