G T Lean & associates

Non Profit

 

Non-Profit News Service No. 0172 - Refund of franking credits mail out - Jun 2007. On 22 June 2007 the Tax Office mailed the 2006-07 refund of franking credits application package to non-profit organisations that received a refund of franking credits for the 2005-06 income year.

Non-Profit News Service No. 0173 - Federal Court decides Navy health fund not a rebatable employer for FBT purposes - Jun 2007. A recent Federal Court case held that a Navy health fund was neither a 'charitable institution' nor a 'non-profit association established for community services'. Accordingly, it was not a rebatable employer for fringe benefits tax purposes.

Non-Profit News Service No. 0170 - Tax law changes: donations of shares and fundraising contributions - Jun 2007. The tax law has been amended to allow a new tax deduction for donations of listed shares and extend the thresholds for deductible contributions to fundraising events.

Non-profit News Service No. 0171 - Court decision confirms Tax Office's view on what is an institution - Jun 2007. A recent court case denied an organisation status as a public benevolent institution (PBI) because the organisation did not establish it was an institution. The decision confirmed the Tax Office's view on what is an institution.

 


Last Updated: July 3, 2007