Free Webinar: New SARS Requirements For Section 18A Certificates

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It is vital for nonprofit organisations (NPOs) to be aware of and comply with regulations affecting the sector, if they are to maintain good governance and continue to attract funding. 

 


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Section 18A of the Income Tax Act enables a taxpayer, who has made a donation, to claim a tax deduction up to a certain limit.

SARS has tightened up systems in order to prevent abuse in this area and has introduced further information required on Section 18A receipts. It was recently announced that all receipts issued from 1 March 2023 must comply with the new rules.

These latest requirements are a precursor to the introduction of the new IT3(d) process which will require NPOs to submit data (details of donors and donations) electronically to SARS. Going forward, the issuing of manual Section 18A certificates may fall away altogether.

Inyathelo, which advises and trains NPOs on sustainability and resilience, and is an expert in NPO governance, is holding a free webinar to inform and educate the NPO sector about these latest requirements and future developments with regards to the Section 18A process. 

The webinar  will be held in partnership with Turning Point Chartered Accountants, a multi-disciplinary consultancy offering comprehensive financial solutions for NPOs.

The webinar leader will be Turning Point’s Director of Tax  Ridhwaan Khan CA(SA), HDip (Tax), HDip (VAT), with input from Turning Point Partner Reza Amra  CA(SA), BCom, BCom Honours (Acc) and  Inyathelo Financial Director Soraya Joonas, BSc Hons Accounting, MBA.

Date: Tuesday 25 April 2023

Time: 11h00 - 13h00

Where: Zoom

To book: Click here to register and receive the Zoom link.

 

Suggested Article:

Tax documents.

The process of paying your taxes (as a business or an individual) can be managed and completed online, via SARS eFiling. While the process of eFiling might seem daunting, it is a convenient way to file your taxes online.

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