Incorporated associations are subject to taxation but may be eligible for certain concessions. This chapter provides a basic overview of taxation obligations and concessions.
Taxation issues can be complex and it is important to seek expert advice when dealing with these matters. For detailed information on not-for-profit taxation visit the Australian Taxation Office (ATO) website at www.ato.gov.au/Non-profit/ or telephone 1300 130 248.
- Incorporated associations are subject to taxation unless a relevant tax exemption applies.
- Some associations may be eligible for taxation concessions.
- Incorporated associations that employ staff are subject to PAYG withholding obligations, and may be subject to paying fringe benefit tax.
- Incorporated associations are required to pay goods and services tax on some goods and services, and they are exempt from others. This is a complex area of taxation and associations should seek professional advice.