SARS Donations Exemption 2014

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<h2>The South African Revenue Service Donations Exemption for Individuals 2014</h2>

 

The deduction is limited to 10% of an individual's taxable income to a public benefit organisation. Such an organisation must be specifically approved by the South African Revenue Service and they must issue with their receipt confirming your contribution. The amount of donations exceeding 10% of the taxable income is treated as a donation to qualifying public benefit organisations in the following tax year. Refer also to Donations Tax Information on this site.

 

If you have any questions relating to these exemptions / deductions please contact us on 011 447 8823 Today to speak to a consultant for FREE.