Income Tax and Fundraising for Non- Profit Organization
As an NFP organization, whether you have to give income tax on proceeds you get from your fundraising activities or can maintain a deduction for expenses incurred while fundraising depends on whether your organization is exempt from income tax.
Exempt organizations
If your NFP organization is exempt from income tax, you:
- do not give income tax on proceeds you receive (your receipts) from your fundraising behavior
- do not need to lodge a tax return if not we specifically ask you to do so.
Organizations that are registered charities must be authorized by us to be exempt from income tax. If your organization falls in both a registered charity and non-charity group, it still wants endorsement.
For more information on Etax, myTax ATO and online tax return, please contact us at 1300768284 or you can email us at enquiry@taxrefundonspot.com.au
