Get The Customs And Excise (public Benefit Organisation) (rebate ... - Mofnp Gov

All we need are a few details and we can have your PBO registered in less than two weeks. The main reason why organisations register their PBO with SARS is because donations are exempt from income tax. Also donors prefer organisations to be registered as PBOs.

Requirements for a valid section 18A certificate details of the donation (date of receipt, amount and nature of donation – if not made in cash); name and address of the donor; and. confirmation that the donation will be used exclusively for the object of the PBO, namely to carry on its public benefit activities (PBAs).

To qualify for approval as a PBO an organisation must be incorporated or established in South Africa as: A non-profit company which has a memorandum of incorporation as a founding document. A trust which has a trust deed as a founding document. An association of persons which has a constitution as a founding document.

A Public Benefit Organisation (PBO) is any entity (NPC, NPO, Trust or Association of persons) which has been approved by SARS as a tax exempt institution in terms of section 30 of the Income Tax Act. NPO and PBO registrations are voluntary and an organisation does not need to be an NPO to be approved as a PBO.

All Public Benefit Organisations (PBO's) engaged in public benefit activities (PBAs) and includes institutions such as religious institutions, day care centres, disaster relief organisations, health clinics, etc.

How do you become a PBO? To qualify for approval as a PBO an organisation must be incorporated or established in South Africa as: A non-profit company which has a memorandum of incorporation as a founding document. A trust which has a trust deed as a founding document.

Both NPO and NPC are allowed to register with SARS (South African Revenue Services) as a PBO to benefit from special tax exemption. Non-profit companies (NPCs), as well as trusts, can still get PBO status even without needing to register under the NPO Act.

ing to s18A(2B), a PBO which falls under section 18(2A), must obtain and retain an audit certificate. This audit certificate confirms that all donations received or accrued in the year for which they were issued were used for 18A activities.

A South African Organisation (NGO, NPO, NPC, PTY or Trust) may apply at SARS to become recognised as a Public Benefit Organisation (PBO) and be EXEMPTED from paying Income Tax. The purpose of the organisation MUST however be purely 'not for profit' and meet the requirements of the Income Tax Act of 1962.