LAC Cares kan belastingsertifikate verskaf vir belastingaftrekbare skenkings wat ontvang is.
LAC Cares can provide tax certificates for tax deductible donations received.
Die Artikel 18A Aftrekking vir Belastingbetalers
Wie is geregtig om ‘n artikel 18A skenkingsaftrekking te eis? Belastingbetalers: Natuurlike persone, trusts, maatskappye of beslote korporasies mag sodanige skenking as aftrekking teen hulle belasbare inkomste eis. Bedrae geskenk aan enige goedgekeurde artikel 18A organisasie mag tot 10% van hul belasbare inkomste aftrek.
Publieke Welsynsorganisasies (PWOs) het oor die algemeen fondse nodig. Alhoewel hulle skenkings baie nodig het, het hulle hul eie belanstingimplikasies. PWO’s word soms onder geweldige druk geplaas deur donateurs om ‘n belastingfaktuur en ‘n artikel 18A sertifikaat uit te reik (uitgereik as n brondokument) voor betaling geskied. Om as ‘n skenking te kwalifiseer moet die skenking ‘n vrywillig afstanddoening van geld of goedere wees en nie ‘n betaling vir goedere of dienste gelewer wees nie. ‘n Belastingfaktuur moet dus nie uitgereik word nie.
‘n Ander vraag wat ontstaan, is: “Wanneer behoort ‘n artikel 18A sertifikaat uitgereik te word?
Die artikel 18A sertifikaat mag slegs uitgereik word vir skenkings wat in kontant of in specie (ander dan dienste) geskenk word. Dit is ‘n wanpersepsie dat gratis dienste gelewer aan ‘n PWO kwalifiseer vir ‘n skenking en die PWO dan ‘n artikel 18A sertifikaat moet uitreik.
Die belastingbetaler moet in besit wees van ‘n artikel 18A sertifikaat wat deur ‘n goedgekeurde PWO uitgereik is ten opsigte van aktiwiteite soos goedgekeur deur die Suid Afrikaanse Inkomstediens (SAID).
The Section 18A Deduction for Taxpayers
Who is eligible to claim a S18A deduction. Taxpayers: Natural persons, trusts, companies or close corporations can claim as a deduction from their taxable income. Amounts donated to any S18A approved organisation up to a value of 10% of their taxable income is allowable.
Public Benefit Organisations (PBOs) generally require funding. Although donations are much needed they do have their own tax implications. PBO’s are often placed under pressure by donors to issue a tax invoice and a section 18A certificate (used as source documentation) before payment is made. To comprise a donation, it should be a gratuitous disposition and not payment for the supply of goods or service. As a result, a tax invoice should not be issued.
A question that often gets asked is, “When should a section 18A certificate be issued?
The section 18A certificate may only be issued in respect of donations received in cash or kind (other than services). A misconception is that if the donation consists of free services rendered to the PBO, the PBO must also issue a section 18(A) certificate to the provider of the service.
To claim a tax deduction, the taxpayer must be in possession of a section 18A certificate, which is issued by the recipient PBO for activities approved by South African Revenue Service (SARS).