Better targeting of not-for-profit tax concessions paper released!

The Australian Government announced in the 2011-12 Budget, as part of its Not-for-Profit Sector Reform Agenda, that it will reform the tax concessions provided to not-for-profit entities to ensure they are targeted only at those activities that directly further an NFP’s altruistic purposes.

The Assistant Treasurer has released for public consultation a paper that seeks public views on possible approaches to implement the Government's Budget announcement to better target NFP tax concessions to the altruistic activities of NFPs.

To read the paper and find out how to contribute your views, go to The Treasury.