Not for Profit Self-review Return

Not-for-profits (NFPs) with an active ABN have been advised that they are required to lodge an annual NFP self-review with the ATO in order to continue with their income tax exemption status. This differs from the previous ability for such entities to self-assess their eligibility.

However, this change does not apply to NFPs that are registered with the Australian Charities and Not-for-profits Commission (ACNC).

For further details

https://www.ato.gov.au/businesses-and-organisations/not-for-profit-organisations/statements-and-returns/in-detail/reporting-requirements-to-self-assess-income-tax-exemption