Tag "Eligibility"

Eligibility – Foreign Resident Withholding Tax – commences on 1 July 2016 – further information

Last month (Withholding Tax – Get a certificate and make it go away?), we drew attention to the application of a withholding tax which all prospective vendors of real property and vendors of certain other property (e.g. certain shares or trust units) need to consider. It was noted that foreign resident capital gains withholding tax […]

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Eligibility – Withholding Tax – Get a certificate and make it go away?

From 1 July 2016 purchasers of certain Australian assets will need to withhold and remit to the ATO part of the purchase price. This article looks at action which vendors (including NFPs) can take in order to avoid this occurring in some instances.

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Eligibility – Taxpayer Alert 2016/5 – Purported tax-exempt non-profit ‘foundations’ used to evade or avoid taxation obligations

used to evade or avoid taxation obligations The ATO is investigating the use of non-profit ‘foundations’ as vehicles to avoid or evade tax. This article outlines the scope of the ATO’s areas of interest, its line of enquiry and ATO action as set out in the Taxpayer Alert.

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Eligibility – ACNC Roundup – April 2016

This article looks at two charity sector interactions with politicians – the future of the ACNC and charities venturing into the electoral foray.

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Eligibility – Thar’s a pot of gold in them thar Estates! Is there? Really?

There have been calls within the not-for-profit sector for introduction of an estate duties. The calls suggest an estate duty will provide ‘untold’ bounty to the non-profit bodies. This article looks at the calls. – If you disagree with the comments feel free to engage in the debate through this newsletter by emailing the TaxEd […]

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Eligibility Q&A – Deductibility of optional payment made to a DGR simultaneously with a payment to attend a fundraising function.

Will an optional payment that is solicited by a public ancillary fund be deductible where it is sought simultaneously with another organisation’s fund raising event?

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Eligibility – Proposed Changes to the Guidelines for Public and Private Ancillary Funds

This article outlines Treasury’s proposals for changes to the legislative instruments which contain the respective ‘Guidelines’ applicable to Public and Private Ancillary Funds. It notes that changes will have effect from 1 July 2016 and that the opportunity to make submissions on the proposed changes closes shortly.

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Eligibility – ACNC Focuses on non-lodgers

The ACNC acts on non-lodgement of Annual Information Statements.

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Eligibility – Review of correlation of your activities and objects

In focussing on day to day activities and reacting to opportunities and suggestions em…

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Eligibility – Certain Not-for-Profit Entities Entitled to Cash Refunds of Franking Credits

Companies operating in Australia are generally required to pay tax at the rate of 30% on their profits (28.5% for small businesses). …

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