Blog - Latest News

NFP GST concessions

There is a range of GST concessions available to NFPs.

These include:

  • sale of food through tuck shops or canteens are treated as input taxed
  • gifts to NFPs are not considered payment for sale
  • increased GST registration threshold of $150,000 etc.

There are additional concessions available for charities, gift deductible funds and government schools.

These include:

  • non-commercial activities sales below a certain threshold are GST-free
  • donated second-hand goods are GST-free and
  • eligible to account for GST on cash basis

Peter Shields's Articles

NFP Fringe Benefit Tax

Fringe Benefit Tax is payable by employers who provide fringe benefits to their employees. The two fringe benefit concessions available to certain types of NFPs are FBT exemption and FBT rebate. FBT exemption This is an exemption from paying FBT. Certain NFPs such as public benevolent institutions and health promotion charities are eligible to receive […] Read more

NFP – Deductible Gift Recipients

Certain organisations are entitled to received income tax-deductible gifts and tax-deductible contributions. This endorsement can be a significant advantage for NFPs and their donors. NFP tax is a complex area. Saward Dawson has a team dedicated to NFP tax compliance. If you need assistance with your on-going compliance or how to fully utilise the concessions […] Read more

Income tax exemption

There are a number of tax concessions available to NFPs. They depend on the organisation’s endorsement by the ATO as well as how they have been incorporated. We discuss the main types of tax concessions available to non-profit organisations.Income Tax ExemptionWhether a NFP has to pay income tax will depend on whether or not the […] Read more

NFP GST concessions

There is a range of GST concessions available to NFPs. These include: sale of food through tuck shops or canteens are treated as input taxed gifts to NFPs are not considered payment for sale increased GST registration threshold of $150,000 etc. There are additional concessions available for charities, gift deductible funds and government schools. These […] Read more

Saward Dawson acknowledges the Traditional Custodians of the land on which we work and we pay our respects to Elders past and present. 

Level 1, 20 Albert Street, Blackburn VIC 3130
PO Box 1212, Blackburn North VIC 3130

contact@sawarddawson.com.au | +61 3 9894 2500

Liability limited by a scheme approved under Professional Standards Legislation.

Privacy Policy   |   Disclaimer   |   Wealth Advisory Privacy Policy |   Wealth Advisory FSG