WHAT YOU NEED TO KNOW ABOUT PUBLIC BENEFIT ORGANISATIONS AND SECTION 18A RECEIPTS

WHAT YOU NEED TO KNOW ABOUT PUBLIC BENEFIT ORGANISATIONS AND SECTION 18A RECEIPTS

Non-profit organisations have many forms and different variations (each with its own set of rules). The main topics mentioned in the article includes the requirements which must be met in order to qualify as a public benefit organisation, the difference between a public benefit organisation and an association, as well as the deductibility of certain donations made to public benefit organisations.

FROM NASPERS TO PROSUS: HOW THE UNBUNDLING OF NASPERS COULD AFFECT YOUR POCKET

FROM NASPERS TO PROSUS: HOW THE UNBUNDLING OF NASPERS COULD AFFECT YOUR POCKET

Are you curious about what the Naspers unbundling transaction is actually about? Are you perhaps a Naspers or Prosus shareholder? If you answered yes to one of these questions, please read further. This article can be seen as a summary of what the transformation, which Naspers is currently going through, actually entails. It also serves as a break-down of the different tax consequences for Naspers shareholders.

SA’S ALL NEW CARBON TAX:  YOU MUST START KEEPING RECORD OF YOUR CARBON FOOTPRINT FOR SARS FROM 1 JUNE 2019

SA’S ALL NEW CARBON TAX: YOU MUST START KEEPING RECORD OF YOUR CARBON FOOTPRINT FOR SARS FROM 1 JUNE 2019

From 1 June 2019, the all new Carbon Tax Act 15 of 2019 (CTA) will be effective, and the final method of reporting and administration thereof is said to follow shortly thereafter. This new tax type will affect any person or entity who conducts an activity which results in the emission of greenhouse gases above the allowed threshold.