19/03/2013 - 23:24

Tax concern

19/03/2013 - 23:24

Bookmark

Save articles for future reference.
Tax concern

NINE out of 10 not-for-profit organisations are concerned they will be worse off if the federal government replaced the sector's income tax exemptions with grants. Among the changes being considered by the government are limits on deductibility for donations, changes to fringe benefits tax concessions, and limits on the entities eligible for deductible gift recipient status.

The BDO Not-For-Profit Tax Concession Survey 2013 report polled almost 180 not-for-profit organisations across Australia and found respondents were most divided on the question of whether the level of deductibility for donations should be raised to $25.

BDO national tax director Lance Cunningham said this suggested the government needed to do more to understand how not-for-profit organisations may be affected before they consider making sweeping changes.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options