The guide aims to help individuals and not-for-profit organisations that deal with volunteers by explaining the tax treatment of transactions that commonly occur between them and their volunteers.
Payments such as honoraria, allowances and reimbursements made by not-for-profit organisations to their volunteers, and the tax treatment of them, are explained. The guide also discusses whether expenses incurred by volunteers are tax deductible.
Further guidance is provided for organisations on goods and services tax (GST), fringe benefits tax (FBT) and pay as you go (PAYG) withholding obligations that may arise on transactions involving volunteers.
The guide was last issued in March 2005 and the new edition contains the following changes:
To view the new Volunteers and tax guide visit the Australian Taxation Office website
www.ato.gov.au or order a hard copy by phoning 1300 720 092, quoting the identification number 4612.
Third Sector acknowledges the traditional custodians of the lands where we live, learn and work. We pay our respects to Elders past, present and emerging.