How to qualify as a public benefit organisation
Non-profit organisations can apply for approval as a “public benefit organisation” (“PBO”) in terms of section 30(3) of the Income Tax Act[1] in order to qualify for tax exemption under section 10(1)(cN) of the Income Tax Act.In terms of these provisions, the organisation’s sole or principal object must be the carrying on of one or […]
Rendering of transport services by employers
Paragraph 2(e) of the Seventh Schedule to the Income Tax Act[1] deems an employer to grant a taxable benefit to an employee if any service has, at the expense of the employer, been rendered to the employee for his or her private or domestic use. The taxable benefit which arises in this instance is valued […]