South African Revenue Service Tax Exemption Unit, Not for profit organisations play a significant role in society as they take a shared responsibility with Government for the social and development needs of the country. Preferential tax treatment is designed to assist non-profit organisations by augmenting their financial resources.
The preferential tax treatment for not for profit organisations is however not automatic and organisations that meet the requirements set out in the Income Tax Act, 1962, must apply for this exemption. If the exemption application has been approved by SARS, the organisation is registered as a Public Benefit Organisation (PBO) and allocated a unique PBO reference number.
It is important to note that an organisation that has a non-profit motive or is registered as a non-profit organisation (NPO) or Non Profit Company (NPC) does not automatically qualify for preferential tax treatment. An organisation will only enjoy preferential tax treatment after it has applied for and been granted approval as a Public Benefit Organisation (PBO) by the Tax Exemption Unit (TEU).
Region: Gauteng
City: Pretoria Building: Land Bank Building
e-Mail address: [email protected]
| Telephone number: (012) 483 1700 Fax number: (012) 483 1701 Physical address: 271 Veale Street Nieuw Muckleneuk Postal address: The Head: Tax Exemption Unit PO Box 11955 Hatfield 0028 |
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