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Tax Institute Submission | Proposal for a Generally Accepted Definition of ‘Charity’ for Federal and State Taxation Purposes
Published on 14 Aug 20 by THE TAX INSTITUTE
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.