Newly Updated: SARS Basic Guide to Tax Exemption for PBOs

24 August 2021
Tax
South African Accounting Academy

This guide was last updated in 2016. This 2021 updated guide has been prepared to assist organisations in understanding the basic requirements to obtain and retain approval as a public benefit organization.

An organisation that has a non-profit motive, or is established or registered as an NPO under the NPO Act, or is incorporated as an NPC, does not automatically qualify for preferential tax treatment or approval as a PBO. An organisation will enjoy preferential tax treatment only after it has been granted approval as a PBO by the Commissioner (section 4 in this guide), and continues to comply with the relevant prescribed requirements and conditions (section 4.3 in this guide) set out in the Act. An organisation approved by the Commissioner as a PBO could be subject to partial taxation (section 9 in this guide).

Click here to download the Updated Guide:

https://www.sars.gov.za/wp-content/uploads/Ops/Guides/LAPD-IT-G16-Basic-Guide-to-Income-Tax-for-Public-Benefit-Organisations.pdf

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