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EI 2 INCOME TAX - EXEMPTION Public Benefit Organisation - Written Undertaking Furnished in terms of section 30(4) of the Income Tax Act No. 58 of 1962 Enquiries should be addressed to SARS 0800 00.

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How to fill out the Sars Ei2 Form online

The Sars Ei2 Form is essential for public benefit organisations to affirm their compliance with specific tax regulations. This guide provides clear, user-friendly instructions on how to accurately complete the form online.

Follow the steps to successfully complete the Sars Ei2 Form online.

  1. Click the ‘Get Form’ button to obtain the Sars Ei2 Form and open it in your preferred document editor.
  2. Fill in the registered name of the public benefit organisation at the top of the form. Ensure it matches the official registration documents.
  3. If applicable, enter the taxpayer reference number associated with the organisation to help streamline the processing.
  4. Carefully read each requirement listed under the undertaking section. Confirm understanding and agreement to these points, as the form requires you to comply with them.
  5. In the section requesting signatures, gather three unconnected individuals who accept fiduciary responsibility for the organisation. Each person must sign and date the form in the designated areas.
  6. After all fields are filled out, review the form for accuracy and completeness to avoid any potential processing delays.
  7. Once satisfied, save the changes to your document, then proceed to download, print, or share the completed form as necessary.

Complete your Sars Ei2 Form online today to ensure compliance and facilitate your public benefit organisation's operations.

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Who must obtain and keep an audit certificate? Only the following two types of public benefit organisations (PBOs) need to obtain and keep audit certificates: A PBO that conducts public benefit activities (PBAs) listed in both Part I* and Part II** of the Ninth Schedule to the Act.

Outside of healthcare, there are a number of public benefit corporations, including privately-held companies like Patagonia and ice cream manufacturer Ben & Jerry's. Publicly traded companies include Warby Parker, Allbirds and home insurance company Lemonade, which is both a B Corp. and a PBC and went public in 2020.

What is a Public Benefit Organisation (PBO)? A PBO is defined in the Act as any organisation which is : a non- profit company as defined in section 1 of the Companies Act, or a trust or an association of persons that has been incorporated, formed, or established in the Republic; or.

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 corporation (PBC) is a for profit corporation or domestic cooperative that is intended to produce one or more public benefits and to operate in a responsible and sustainable manner.

King Arthur is an example of a benefit corporation, a type of corporation that places social and environmental values on an equal footing with profits. Other well-known benefit corporations include outdoor gear retailer Patagonia and the crowdfunding service Kickstarter.

You can get it on eFiling if you are registered as an eFiler. All you need to do is log on and check your number. You can also request your notice of registration via the MobiApp if you are a registered eFiler.

A benefit corporation, sometimes called a “B Corp,” is a for-profit corporation that commits to create a material positive impact on society and the environment from the business and operations of the corporation.

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