A very interesting Pay-roll Tax case was handed down in NSW in July 2015 The case shines the spotlight on when Pay-roll Tax exemption does not apply to all wages by an otherwise exempt NFP entity. This is an area where there have been considerable recent developments.
Released on the 25th of February this Ruling outlines the special conditions that various entities listed in Div 50 of the ITAA 1997 must satisfy for their ordinary and statutory income to be exempt from income tax.
The Federal Government has bowed to concerns expressed by the NFP sector and announced that it has delayed the commencement of operation of amendmen…
Government consultation – national not-for-profit regulator
Taxpayers who have received a taxable Commonwealth education payment and believe they may be affected by the decision of the High Court are asked to be patient whilst the ATO considers the impacts.