NFP self-review return requirements

The ATO has published guidance on changes requiring non-charitable not-for-profits (NFPs) with an active Australian business number to lodge an annual self-review return, to self-assess as eligible for income tax exemption.

The first annual self-review return needs to be lodged for the 2023–24 income year and each subsequent income year. NFPs with an approved substituted account period will use their substituted accounting period to lodge their self-review return.

If you need any assistance relating this, please feel free to contact our office.