TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Nonprofit Tax Overhaul: Exit Tax on Accreted Income Targets Organizational Asset Preservation and Prevents Tax Exemption Misuse</h1> The Income Tax Bill, 2025, introduces Clause 352, a comprehensive regime for taxing 'accreted income' of non-profit organizations upon specific triggering events like registration cancellation, object modification, or dissolution. The provision imposes an exit tax at the maximum marginal rate on net assets, aiming to prevent misuse of tax-exempt status and ensure charitable assets remain dedicated to public purposes. It refines and expands the existing tax framework with detailed procedural guidelines and broader scenarios for tax application.
TaxTMI 
TaxTMI 