Part 3/3 – Fundraising events – are there tax implications – Income tax
Income tax 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. Nonprofits do not automatically enjoy exemption from income tax, but must apply to SARS for approval as a public benefit […]
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 […]
