In the Mid-Year Economic and Fiscal Outlook 2013-14, the Government announced that Prince’s Charities Australia will be able to accept tax deductible donations from 1 January 2014. Subject to an amendment to the ITAA 1997 being passed by the Parliament to specifically name the Prince’s Charities Australia as a DGR, Australian taxpayers that wish to support the Prince’s Charities Australia will receive tax deductions for gifts made after 1 January 2014.

Source: Assistant Treasurer’s media release, 17 December 2013

[LTN 244, 17/12/13]

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