ATO economic response for NFP's
ATO has outlined upcoming cash flow boosts in response to the economic impact of coronavirus.
Your NFP is eligible if you:
- employ staff
- held an ABN on 12 March 2020 and continue to be active
- have an aggregate annual turnover of less than $50 million (generally based on prior year turnover)
- made eligible payments that you are required to withhold from (even if the amount you need to withhold is zero).
Charities registered with the Australian Charities and Not-for-profits Commission are eligible, regardless of whether they held an active ABN, if they meet the other eligibility requirements.