Governance Institute blog

Month: Jun

Tax reform of not-for-profit bodies needs to proceed with caution

Posted by Judith Fox, National Director, Policy & Publishing on 11/06/2015

The Federal Government’s discussion paper on tax reform specifically targets the not-for-profit (NFP) sector, asking if the current tax arrangements are appropriate. Importantly, it questions the ongoing availability of Fringe Benefits Tax (FBT) concessions and tax deductions for gifts to approved recipients. The discussion paper points out that while existing tax concessions help increase the level of activity in the NFP sector, the value of revenue forgone is significant and growing steadily.

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