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ATO releases new tax ruling for charities

On 12 October 2011, the ATO released a new tax ruling TR 2011/4 setting out its views on the meaning of ‘charitable’ in the context of determining whether the purpose of an organisation is charitable, including the features distinguishing a charitable institution and a charitable fund, and the circumstances in which an institution or fund will be considered charitable.
This is important to existing charities as it brings alignment between the tax ruling and current operations. read more…