Volunteers and Tax

The Commissioner of Taxation, Michael Carmody recently launched 2 publications intended to help volunteers navigate their way through taxation issues: "Volunteers and tax" and "Non-profit organisations and fundraising".

Volunteers and tax (NAT 4612) explains the tax treatment of common payments made to volunteers such as honoraria, allowances and reimbursements. It provides guidance on GST, FBT and
PAYG withholding obligations that may arise on transactions involving volunteers 

Non-profit organisations and fundraising (NAT 13095) which explains the various concessions that exist under the income tax, GST and fringe benefits laws to assist non-profit organisations with their fundraising activities. The guide also outlines: the tax obligations fundraisers should be aware of; tax deductible gifts and contributions eg the income tax and GST treatment of donations; tax treatment of
raising money eg via concerts and sporting events.

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