If you're running an NFP organisation, there may be concessions you can claim but you may need to register your organisation first. The concessions you can claim depend on the type of NFP organisation and how it operates. For example, some NFP organisations don’t have to pay income tax.
Charities must be endorsed by us to claim GST charity concessions. Other NFP organisations that are not charities can self-assess their eligibility for exemption from income tax and don't need to be endorsed by us to claim that concession.
NFP concessions your organisation may be able to claim include:
- income tax exemption
- FBT exemption (subject to capping threshold)
- FBT rebate
- GST concessions for charities and gift deductible entities
- GST concessions for NFP organisations
- deductible gift recipients
- refunds of franking credits.
If you need help, phone the Not-for-profit infoline on 1300 130 248.
See also:
If you're running an NFP organisation, there may concessions you can claim but you need to register your organisation first.