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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.
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