The Australian Taxation Office (ATO) has released some helpful consolidated information on a range of GST concessions for schools and other charities.
Additional goods and services (GST) concessions are available to:
- Australian Charities and Not-for-profits Commission (ACNC) registered charities that are endorsed to access GST charity concessions, such as Christian schools,
- gift-deductible entities,
- government schools.
For GST purposes:
- an endorsed charity is a charity that is registered with the ACNC and endorsed for GST concessions by the ATO
- a gift deductible entity is an entity that can receive tax-deductible gifts or contributions.
The ATO guidance then covers the application of a range of concessions including those for gifts, school tuckshops and a range of other activities.
For more information see the ATO website here.