Australian Treasury releases tax reform paper with implications for NGOs
The Australian Treasury has released a discussion paper on proposed reforms aimed at simplifying tax-deductibility arrangements for donations and gifts. Organizations hoping to raise funds currently apply for entry to one of four Deductible Gift Recipient (DGR) registers administered by four different government departments, including the Department of Foreign Affairs and Trade. These enable Australian NGOs to issue tax-deductible receipts for donations for their activities abroad. The Treasury's paper proposes streamlining this process by, for instance, centralizing administration of DGR registry.
Comments on the discussion paper are due July 14, 2017.