This course will be co-hosted by Yvonne Rossouw (on legal matters) and Corlia Faurie (on tax matters).
Being exempt from tax is surely the perfect position to be in. However, tax exemptions do not come easy – to qualify for them, you need to meet various requirements before SARS will relieve you of your tax liability. One of the ways in which to qualify is to be a Public Benefit Organisation.
ProBeta offers a session to discuss both the legal and tax requirements relating to these entities.
This session will address the tax rules applicable to the following:
• Distinguishing between a Public Benefit Organisation, Non-profit Organisation and Non-profit Company
o Legal requirements and characteristics
o Benefits of adopting the relevant organisation structure
o The administrative process and documents for registering each entity
• Public Benefit Organisations and SARS
o Requirements to qualify for tax exempt status
o Specific tax measures for the entity – when will it be taxed?
o Discussion on what constitutes public benefit activities
• Brief coverage of other tax exempt entities such as recreational clubs and associations
Tax practitioners, those involved in managing public benefit organisations, auditors, advisors and other professionals might benefit from this course.
