MIL-OSI Australia: Lodging the self-review return if your NFP may be charitable
Source: New places to play in Gungahlin It’s time for self-assessing as income tax exempt not-for-profits (NFPs) with an ABN to lodge the NFP self-review return. NFPs that have only charitable purposes and meet the legal definition of a charity can register as a charity with the Australian Charities and Not-for-profits Commission (ACNC) and be formally endorsed by the ATO as income tax exempt. Once registered, you don’t have to lodge the NFP self-review return. But what if your NFP has applied to the ACNC and you’re waiting for the outcome? Or if your NFP may be eligible to register as charitable, but you haven’t