- Have you declared the donation you made on Mandela Day yet? No? Well here's how to
- Did your company do its good deed for Mandela Day last week? Perhaps you donated money to a struggling start up or handed over old computers to a small foundation.
Whatever it was, you know you gave back to the community. The problem is, SARS will know soon enough too. You can't hide these transactions from it.
If you do and it finds out, you're looking at a 200% penalty at best!
So read ... ››› more
- [21 July 2014]
- Have you made a donation? Find out how much donations tax you'll have to pay
- Have you given something to someone for free? If so, read on to find out how much donations tax you'll have to pay....
The Practical Tax Loose Leaf Service explains that a donation is when:
You give something away for free;
You get rid of something for a lesser price than it's worth; or
A company disposes of property, at the request of any person. SARS will see that property... ››› more
- [02 December 2013]