Government seeks public input on tax arrangements for environmental organisations and other not-for-profits
The Federal Government has recently issued a discussion paper (the paper) titled Tax Deductible Gift Recipient Reform Opportunities. The proposed changes could affect any organisation that is a tax deductible gift recipients (DGR), but environmental organisations are singled out for some of the proposals. By Dr. Drew Donnelly, Compliance Quarter In today’s article, we summarise the five key proposals in the paper. Note, of course, that as this is only a discussion paper, decisions have not yet been made and the Treasury seeks your views on what is proposed. What is DGR status? DGR status means that an organisation is able to receive gifts and contributions that are tax-deductible. Organisations with DGR status are listed on a DGR register. The policy goal for DGR status is to provide support to…