Incorporated associations, like any other organisation or corporation, are subject to taxation. However, not-for-profit organisations, such as incorporated associations may be eligible for certain taxation concessions. Taxation is highly complex and, therefore, this chapter will provide only a very basic overview of taxation obligations and concessions. The types of tax and exemptions that may be applicable to an association will also be discussed. It is important to seek expert advice and help when dealing with taxation because it is so specialised and constantly changing.