ULTIMATE SPIN BOWLING
FIELD SETTING GUIDE
Proactive

While not tax-exempt, donations to certain approved public benefit organisations (PBOs) are tax-deductible to the extent that the donation does not exceed 10% of the donor’s taxable income. Any donations exceeding 10% of taxable income will be treated as a donation made in the following year of assessment. However, for an individual to qualify for this tax exemption, they must be in receipt of a Section 18A certificate issued by the PBO which is granted by the Tax Exemption Unit of Sars. If you have donated to an approved PBO during the year of assessment, you can upload the Section 18A certificate when doing your e-filing in order to qualify for the exemption.

When planning to make a donation, it is important to therefore take into consideration whether donations tax applies and whether your donation is tax-deductible. Donations are strictly regulated by Sars and it is important that you do not fall foul of their requirements. If necessary, let your accountant or tax practitioner assist with structuring your donations in the most appropriate and tax-efficient manner.

In South Africa, you are liable to pay income tax if you earn more than: R95 750 and you are younger than 65 years. If you are 65 or older but younger than 75 years old, the tax threshold (i.e. the amount above which income tax becomes payable) is R148 217.

After making a donation you should complete the donations tax return  (Form IT144 – Declaration by donor / donee) and submit it to your nearest SARS branch together with your proof of payment.

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Donations tax can only be paid via eFiling. Click here for more information on how to process an additional payment on eFiling. 

Capitalize on low hanging fruit to identify a ballpark value added activity to beta test. Override the digital divide with additional clickthroughs from DevOps. Nanotechnology immersion along the information highway will close the loop on focusing solely on the bottom line.

Capitalize on low hanging fruit to identify a ballpark value added activity to beta test. Override the digital divide with additional clickthroughs from DevOps. Nanotechnology immersion along the information highway will close the loop on focusing solely on the bottom line.