Your social club may not be eligible for income tax exemption and may be required to report as a taxable not-for-profit.<\/p>\n\n\n\n
Being a not-for-profit (NFP) organisation doesn’t automatically make you exempt from paying income tax. Social clubs or associations generally don’t meet the requirements for income tax exemption either as:<\/p>\n\n\n\n
If your social club or association\u2019s main purpose is providing social and recreational facilities or activities for your members to pursue their common interests, your organisation is considered taxable.<\/p>\n\n\n\n
If your social club or association is taxable, you need to lodge your income tax return or notify the ATO with a non-lodgment advice each year. Find out what you need to lodge at Taxable NFP Organisations<\/a><\/em>.<\/p>\n\n\n\n Intellectual Interest Club<\/em> (the Club) is an NFP company limited by guarantee, established to advance the intellectual and cultural interests of its members, who are retired professionals. The Club holds monthly dinners for members to discuss these topics and to build social connections. It also conducts regular wine-tasting nights and organises holiday trips for its members.<\/p>\n\n\n\n The Club’s main purpose is to provide a social forum for retired professionals to pursue their common interests.<\/p>\n\n\n\n The Club has not been established for community service purposes. It does not promote or provide activities or facilities for the benefit or welfare of the community or members with particular needs due to youth, age, infirmity, disablement, poverty, or economic circumstances. Therefore, it does not qualify for an exemption.<\/p>\n\n\n\nExample: A Social Club for Retired Persons<\/h3>\n\n\n\n