The United Nations' (UN) World Refugee Day is observed on June 20 each year. The day is aimed at honouring the courage, strength and determination of women, men and children who are forced to flee their countries under threat of persecution, conflict and violence.
And the UN Refugee Agency, UNHCR, says refugees urgently need life-saving help.
It's urging you to make a donation today that could provide an essential kitchen set to enable a family to prepare food, warm bedding for families that have lost everything and a tent to shelter a whole family from the elements.
If your company donates to this cause or any other charitable organisation, your simple act of goodwill can get you money back from SARS.
But it's not as straightforward as just handing a cheque over.
Luckily, there are certain things you must do to ensure your company gets a deduction and most importantly avoids paying donations tax.
#1: Make sure you're donating to the right organisation
Your donation will only be valid if you make it to a Public Benefit Organisation (PBO), or Non Profit Organisation/Company, including a former Section 21 company that's approved by SARS.
If the organisation your company is donating to is approved by SARS, it means it has been registered as a charitable or non-profit organisation under South Africa's tax laws.
#2: Don't donate more than 10% of taxable income in a year
If you want to claim a deduction for the donation and you want to avoid paying donations tax on it, then don't donate more than 10% of taxable income to PBOs in a given year.
#3: Get a receipt from the PBO
When you make your donation, the PBO must issue you with a receipt. You'll need to attach this as a supporting document if SARS questions the deduction when you submit your tax return.
Using these tips will ensure your company will be able to make charitable donations without having to worry about suffering under the burden of extra taxes.
If your company has any queries about your donations to the UN refugee agency, you can contact email@example.com.