ATO tax breaks to RFS
VOLUNTEER-driven Rural Fire Service brigades across the Northern Rivers have been given a tax break by the Australian Taxation Office which could boost their coffers.
The changes give brigades the ability to register for deductible gift-recipient status or collect donations and send them to a central fund administered by the NSW RFS.
Rural Fire Service Northern Rivers superintendent Boyd Townsend said the 48 brigades in the Northern Rivers should benefit from the gift=deductibility status change, as they were now able to issue tax receipts.
He said those brigades that did not want to register individually for gift recipient status can rest assured they would receive 100% of the donation contributed to the NSW RFS fund.
"I think it will have benefits for the brigades in time, particularly when people want to make large donations," he said.
Brigades now have a better opportunity to get donations from people who want a tax receipt.
During August and September the ATO will offer teleconferences and webinars on the changes.