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 […]
Part 2/3 – Fundraising events – are there tax implications? Section 18A
Part 2/3 – Fundraising events – are there tax implications? Section 18A Most nonprofits host fundraising events from time to time, from simple cake sales through to elaborate golf days. However, they may not have considered possible VAT, Section 18A and other income tax implications. PBO’s that also enjoy Section 18A status may be tempted to […]
