Proposal for a Generally Accepted Definition of ‘Charity’ for Federal and State Taxation Purposes

The Tax Institute has identified an issue which we are seeking the Board of Taxation’s assistance to have addressed. The Tax Institute considers that a generally accepted definition of ‘charity’ for Federal and State taxation purposes would greatly assist charities to meet their Federal and State tax and revenue compliance requirements. We consider that the Board of Taxation is well-positioned to review this issue and provide advice to the Federal Government as to how this issue could be addressed.


Submission prepared by:

The Tax Institute

Submitted to:

Ms Rosheen Garnon – Chair
Dr Julianne Jaques – Board Member
Board of Taxation

Tagged
  • Concessionally taxed entities
  • Charities
  • Not-for-profits
  • 2020