If you run a not-for-profit (NFP) organisation and didn’t lodge your NFP self-review return by the due date of 31 October 2024 – don’t worry; you still have time.
The Australian Taxation Office (ATO) has extended the deadline to 31 March 2025.
Each year, non-charitable NFP organisations with an active Australian business number (ABN) must lodge an NFP self-review return to confirm their eligibility for income tax exemption.
The return consists of the following three sections that take approximately 10 minutes to complete.
1) Organisational details, including an estimation of your gross revenue range.
2) Five questions to test your organisation’s eligibility.
3) Summary and declaration.
You can submit the return yourself online, or your accountant can lodge it for you.
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