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- Non-charitable NFPs are required to lodge an annual NFP self-review return to affirm their income tax exempt status from 1 July 2024.
- The law has not changed but reporting obligations have.
- It is time to confirm and document your annual self-review.
- How EY can help.
From 1 July 2024 there is a new requirement to lodge an annual Not-for-Profit (NFP) self-review return. This captures NFP entities that self-assess as income tax exempt.