Non-profit organisation

August 19, 2021August 19, 2021 Marc DerfoldyCompanies Act, Income Tax Act, Non-profit organisation

Things to know about Section 18A donations

In this article we list the basics of what you should know for Section 18A donations and the relevant laws. The reader is advised to also read our other articles […]

May 18, 2021May 18, 2021 Marc DerfoldyCapital Gains Tax, Carbon Tax, Non-profit organisation

Recreational Clubs and tax

This first article of three briefly discusses the essence and responsibilities of forming a recreational club; in articles two and three, the following taxes that may affect organisations approved as […]

April 14, 2021April 14, 2021 Marc DerfoldyBudgets, Corporate Tax, Income Tax Act, Non-profit organisation

Donations Tax

Reference Acts and documents Income Tax Act, as amendedForm IT144 – Declaration by donor / doneeTax Administration Laws Amendment Act 24 of 2020 (TALA, 2020) In this article, we briefly […]

March 9, 2021 Marc DerfoldyCompanies Act, Income Tax Act, Investments, Non-profit organisation, Tax Administration Act

Non-profit organisation-related law and benefits in South Africa – article 2 of 2

In this second NPO-related article, we continue discussing some legal aspects of non-profit organisations and the benefits thereof. Please refer to article 1 of 2 as well. Applicable Laws • […]

February 23, 2021February 23, 2021 Marc DerfoldyCapital Gains Tax, Companies Act, Non-profit organisation

Non-profit organisation-related law and benefits in South Africa – article 1 of 2

In this article, we will discuss some legal aspects of non-profit organisations and the benefits thereof. Applicable Laws • Constitution of the Republic of South Africa, Act 108 of 1997 […]

September 7, 2020September 7, 2020 Marc DerfoldyCompanies Act, Non-profit organisation, P.A.Y.E, Tax Administration Act

The similarities and differences between non-profit (NPO) and for-profit organisations and the legal requirements for a NPO

This article is number two of two in this NPO series and provides further insight in to non-profit organisations and the legal framework around them. Section 21 companies: what is […]

September 3, 2020September 3, 2020 Marc DerfoldyNon-profit organisation, Terminology

The similarities and differences between non-profit (NPO) and for-profit organisations and the legal requirements for a NPO

This article provides an insight in to non-profit organisations and the legal framework around them and is split in to two articles. Firstly, one should understand the similarities between non-profit […]

June 1, 2020June 1, 2020 Marc DerfoldyBudgets, Companies Act, Corporate Tax, Non-profit organisation

Donations tax implications of subscribing for shares at a discount

Income Tax Act 58 of 1962 sections 55(1) and 58(1) SARS released a private binding ruling (BPR343) in May 2020 explaining the outcome of a request from an applicant as […]

March 12, 2020March 12, 2020 Marc DerfoldyBudgets, Corporate Tax, Non-profit organisation

Donations made to Public Benefit Organisations (PBOs)

One example is given below whereby money is donated to a PBO at a fundraising event. The relevant Act is the Income Tax Act 58 OF 1962 and Section 18A […]

September 16, 2019September 16, 2019 fincorCapital Gains Tax, Carbon Tax, Companies Act, Corporate Tax, Employment Tax Incentive, Income Tax Act, Non-profit organisation, P.A.Y.E, Pension Funds, Personal Income Tax, Provident Funds, Retirement, Tax Administration Act, Trusts, Value Added Tax

SARS’ Official Functions

Have you ever wondered what SARS’ official functions may be in terms of legislation? Collection of Income Tax is merely one aspect everyone is aware of. SARS is the only […]

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