Finance: ATO GiftPack

The ATO has released a new version of its guide GiftPack which helps organisations understand what they need to do if they want to receive tax deductible gifts.

We explain who can claim deductions for gifts, how much can be claimed and what records are required.

For more information or to download a copy of the guide please visit the ATO website at http://www.ato.gov.au/nonprofit/content.asp?doc=/content/18699.htm.