"Better Targeting of Not-For-Profit Tax
Concessions" postponed again but end of transitional rules for
existing arrangements now advised!
The Government announced, on 31 January2013, that the
commencement date of the "Better Targeting of Not-For-Profit
Tax Concessions" will, once again, be postponed.
The start date will be postponed from 1 July 2012 to 1 July
2014.
The first consultation paper of the Better Targeting of NFP Tax
Concessions was released on 27 May 2011.
Click here to view.
We have previously submitted a submission to express our
concerns with the proposed changes.
Click here to view.
The new proposed commencement date of 1 July 2014 applies to
activities that commenced after 7.30pm (AEST) on 10 May 2011. The
start date for the transitional arrangements in this measure has
now been confirmed to provide exemption to the relevant activities
that commenced prior to 7.30pm (AEST) on 10 May 2011 until 1 July
2015.
