Taxation
Many associations only pay income tax on profit from non-member income and some associations are income tax-exempt due to their specific purpose or as a registered charity. Certain DGRs and Public Benevolent Institutions gain stamp duty, GST and FBT benefits as well. Deductible Gift Recipient status allows donors to claim donations as a deduction to their personal income tax.
Governology can advise on the most appropriate taxation and charitable arrangements to suit your association or charity.