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 […]
Non-profit organisation
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 […]
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 […]
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 […]
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 […]
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 […]
What is a non-profit organisation?
What is a Non-Profit Organisation? A non-profit organisation is defined as a trust, company or other association of persons: (a) established for a public benefit purpose, and (b) the income […]