Section 18A Certificate

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

What Is A Section 18A Certificate?

A receipt issued by a section 18A approved organization that meets the criteria set out in section 18A is referred to as a “section 18A receipt.”

It permits a taxpayer who donates to a PBO or certain other organizations to receive a tax deduction up to a specified amount.

What Is The Meaning of PBO?

PBO stands for Public Benefit Organisation.

  • Section 1 of the Companies Act defines it as a non-profit company (NPC) or ;
  • A trust or a group of people founded, incorporated, or created in the Republic of South Africa.

An Example Of A Section 18A Receipt :

Section 18A Receipt Example | CFO360 Accountants

More To Explore

Accounting

Sole Proprietorship

What Is A Sole Proprietorship? A sole proprietorship is an unincorporated organisation with just one owner who is responsible for paying personal income tax on earnings generated from trading. A sole proprietorship is the simplest form of business to start or shut down. As a result, these undertakings are extremely popular among single-person companies, self-contractors,

Accounting

Capital Gains Tax

What Is Capital Gains Tax? It is the tax that you have to pay when you make a profit on the sale of a property or an investment. Who Is It For? Individuals Trusts Companies Examples : Scenario 1 Mr Sunshine sold his holiday home for R 2 000 000 million rands. He bought the

Do You Want To Boost Your Business?

drop us a line and keep in touch

Scroll to Top