- RECAP: 4 Donations that are completely tax-exempt?
- As the general rule goes, you're liable for donations tax at a rate of 20% per donation.
As an individual (natural person) however, you can donate the first R100 000, tax-free, per year of assessment, while a company is allowed R10 000 per year of assessment, after which a 20% tax rate is applicable.
But did you know that certain donations are completely tax-exempt?
That's right! Here ... ››› more
- [22 April 2016]
- If you still want to give back in the spirit of Mandela Day, consider these 13 tax exempt donations
- At this time of year, the spirit of giving is strong as everyone tries to echo the legacy of Nelson Mandela. Even companies are getting in on the action.
The trouble is that your generosity could trigger donations tax. This means SARS will make you pay tax on 20% of the value you donate.
But, there are 13 donations you can make that SARS won't charge you extra tax on...
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- [21 July 2014]