Self Assessment of Income Tax Exemption (SAITE) Update

Self Assessment of Income Tax Update

Self Assessment of Income Tax Exemption (SAITE) Update

Additional time to lodge 31 March 2025

From 1 July 2023, non-charitable not-for-profit organisations with an active Australian Business Number (ABN) that self-assess as income tax exempt are required to lodge an annual self-review return with the Australian Tax Office (ATO). Until then, not-for-profit organisations that self-assess had not been required to report annually to the ATO. The first self-review return is due between 1 July 2024 and 31 October 2024, but lodgement will be allowed up to 31 March 2025.

Hear from the ATO here: https://www.ato.gov.au/businesses-and-organisations/not-for-profit-organisations/not-for-profit-newsroom/straight-from-the-source-july-2024

Community of Practice

Cameron hosts a session on Constitutions, DGR and The ACNC every Friday at 11:30am AEDT during until the changes come into effect 1 July 2024. You do not need to make an appointment, these sessions are casual workshops on a drop-in basis. Cameron will tailor the information to the attendants, so recordings are not available.

Registering will give you access to the Zoom link and allow you to save it to your calendar. This link is used for all 2024 meetings, so you only need to register once.