Given the level of interest, and possibly trepidation, from not for profit organisations concerning the implementation of reporting on self-assessment for income tax exemption for not for profit organisations from the 23-24 financial year, the ATO Assistance Commissioner has explained many of the aspects of this reform, including:
- When are self-review returns due?
- Is a self-review return the same as an income tax return?
- How time consuming will it be, to complete a self-review return?
- How can I, or my organisation, influence this change?
- Should my organisation be concerned?
To view the ATO article in detail, click here
