NFPs need to get ready for new return

From 1 July 2024, non-charitable not-for-profits ('NFPs') with an active Australian Business
Number ('ABN') will be required to lodge a new annual NFP self-review return with the ATO
to confirm their income tax exemption status.

This will include sporting, community and cultural clubs, among other organisations. 

ATO Assistant Commissioner Jennifer Moltisanti said the ATO is supporting these NFPs to
help them get ready now before the changes come into effect.
"It's important to us that affected not-for-profits understand the new reporting requirements
and are prepared to lodge their first annual return come 1 July," said Ms Moltisanti.
"Even though the due date is in October, there are things you should do now to make sure you
are ready. We also recommend not waiting until the last moment to report, you can report
from as early as 1 July."

Non-charitable NFPs that have an active ABN can get ready now by:

  • conducting an early review of their eligibility by referring to 'ATO's guide' on the ATO's
  • checking all their details are up to date, including authorised associates, contacts, and
    their addresses;
  • reviewing their purpose and governing documents to understand the type of NFP they
  • setting up myGovID and linking it to the organisation's ABN using 'Relationship
    Authorisation Manager'.

When it comes time to lodge, NFPs can use Online services for business which lets
organisations manage their reporting at a time that is convenient for them. If an NFP has
engaged a registered tax agent, their agent can also lodge on their behalf through Online
services for agents.

The first return is for the 2023/24 tax year and NFPs will need to prepare and submit their
annual self-review between July and October 2024.

As an interim measure for the 2023/24 transitional year, eligible NFPs unable to lodge online
can submit their NFP self-review return using an interactive voice response phone service.
For more information about the upcoming changes and how organisations can get ready,
taxpayers (and practitioners) can refer to '' on the ATO's website.

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