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.

DO YOU QUALIFY TO CLAIM FOR A TRAVEL DEDUCTION?  HAVE A LOOK AT THE NEW RULES REGARDING KEEPING A TRAVEL LOGBOOK.

DO YOU QUALIFY TO CLAIM FOR A TRAVEL DEDUCTION? HAVE A LOOK AT THE NEW RULES REGARDING KEEPING A TRAVEL LOGBOOK.

SARS released new rules regarding the compulsory use of a logbook, which are applicable from the 2019/2020 financial year. Previously, taxpayers only had to keep a logbook for business travelling purposes, but in terms of the new rules, taxpayers must declare all travelling, including private travelling, in a travel logbook.

FINANSIËLE EMIGRASIE:  IS DIT DIE BESTE OPSIE VIR U EN U GESIN?

FINANSIËLE EMIGRASIE: IS DIT DIE BESTE OPSIE VIR U EN U GESIN?

Hierdie artikel is ‘n opvolgartikel van ons Maart 2019 uitgawe. Wonder u moontlik oor die kostes verbonde aan finansiële emigrasie en watter inligting u aan die owerhede moet verskaf? FHBC is opgewonde om aan te kondig dat ons u van hulp kan wees met die opweeg van belange, die insameling van die nodige dokumentasie/bewysmateriaal, die berekening van die belasting en ander kostes verbonde aan die proses asook die voltooiing van die aansoek om finansieel te emigreer.

IS YOUR BUSINESS ABOUT TO SPONSOR SPORTING EQUIPMENT TO A LOCAL SPORTSMAN/WOMAN?  HERE’S WHY IT MAY QUALIFY AS A BUSINESS EXPENSE

IS YOUR BUSINESS ABOUT TO SPONSOR SPORTING EQUIPMENT TO A LOCAL SPORTSMAN/WOMAN? HERE’S WHY IT MAY QUALIFY AS A BUSINESS EXPENSE

The million-dollar question on everybody’s lips, is whether a sponsor may deduct its sponsorship expenditure as an advertising expenditure in terms of section 11 of the Income Tax Act 58 of 1962. This is quite an open debate within a grey area of our law. Read more for an update on this topic.