Is PBO approval important for South African non-profits?
Is PBO approval important for South African non-profits? Over the years of consulting in the non-profit sector, we have frequently encountered organisations which have never applied for PBO approval or income tax exemption with SARS. The reasons provided for not having done so are often based on false beliefs such as: All non-profits are automatically […]
Section18A Audit Certificate
Section18A Audit Certificate You will know that section 18A of the Income Tax Act (“the Act”) enables South African taxpayers to deduct, from their taxable income, donations made to an approved public benefit organisation (“approved PBO”), if that donation is supported by a receipt containing the details required by section 18A. You also know that […]
