HomeHome SearchSearch MenuMenu Our productsOur products

3 Vat questions to answer before you sponsor a charity event

by , 14 March 2013
Karl works for 'TCC' and they've been approached by the Children's Home, a non-profit company, to sponsor a hole at the golf day at the end of March. Both parties are Vat registered. Is there a Vat benefit involved for sponsoring a charity event?

The golf day's being arranged by the Children's Home in order to raise funds. TCC sponsors R25 000 and orders advertising material to put up on the golf course. Is there Vat on the R25 000 and can TCC claim any of the Vat back on its advertising material?

Read on to find out…

+++  8 ways to LEGALLY beat the taxman +++

There are a few CGT loopholes that can save you thousands of rands every single year and, in some cases, let you off the CGT hook completely…

Click here to get your hands on them


Is there a Vat liability involved with sponsorships for non profits?

To see if there's Vat involved, TCC should make the list below, for themselves and SARS to check their Vat liability:

Vat table 1

+++ I've negotiated a very special deal – just for you +++

I've twisted my publisher's arm… and she's given me an extra 50 Accounting Toolkits to give away.

And that's why I'm very excited to extend this invitation to all those who act quickly when a valuable opportunity presents itself.


Vat Table 2

+++ You have one Capital Gains Tax lifeline +++

It'll give you secrets most businesses will never know and help you avoid paying crippling taxes every single year.

Click here to get your lifeline today

Vat Table 3

So to recap… TCC can claim input tax of R3 070.17 on the advertising costs.

Until next month!

Dee Bezuidenhout
Independent Vat Expert of the Practical Vat Loose Leaf

Vote article

3 Vat questions to answer before you sponsor a charity event
Note: 5 of 1 vote

Related Products