Tax on non-profit income: specified receipts taxed at a set rate, other receipts taxed under general rules. Tax on income of a registered non-profit organisation is calculated as an aggregate: an amount on specified income at the specified rate, plus amounts on ... Summary
Tax on non-profit income: specified receipts taxed at a set rate, other receipts taxed under general rules.
Tax on income of a registered non-profit organisation is calculated as an aggregate: an amount on specified income at the specified rate, plus amounts on taxable regular income and any residual income at the rates applicable under the Act; the Chapter's provisions apply notwithstanding contrary provisions elsewhere in the Act, except for certain specified exceptions.
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