The Dance for PD SA NPC has been approved as a Public Benefit Organisation (PBO) for purposes of section 18A (1) (a) of the Act and donations to Dance for PD SA NPC will be tax deductible in the hands of the donors in terms of and subject to the limitations prescribed in section 18A of the Act with effect from 4 April 2019.
Donations made to or by the PBO are exempt from Donations Tax in terms of section 56(1) (h) of the Income Tax Act.
Exemption from the payment of Estate Duty in terms of section 4(h) of the Estate Duty Act No.45 of 1955.
INFORMATION PERTAINING TO S18A DONATIONS WHAT IS CONSIDERED A BONA FIDE DONATION FOR S18A PURPOSES.
A bona fide donation is a voluntary, gratuitous gift disposed of by the donor out of liberality or generosity, where the donee is enriched and the donor impoverished. There may be no quid pro quo, no reciprocal obligations and no personal benefit for the donor. If the donee gives any consideration at all, it is not a donation.
The donor may not impose conditions, which could enable him or any connected person in relation to himself to derive some direct or indirect benefit from the application of the donation.
BONA FIDE DONATION FOR S18A PURPOSES
The DPSA Benevolent Fund
Projects/funds approved by the DPSA - NPC from time to time
EXAMPLES OF WHAT DOES NOT CONSTITUTE A BONA FIDE DONATION FOR PURPOSES OF SECTION 18A?
The donation may be made in cash (money). This includes payments by electronic fund transfer,
credit card, postal order or debit card.
As noted above, the donation must actually be paid or transferred during the year of assessment to the organisation approved under section 18A.
Promissory notes, pledges, payments to be made in future instalments or post-dated cheques do not qualify.
Only after a donation has appeared in the DPSA -NPC bank account, an 18A certificate will be issued to the donor (not available for anonymous donors).
We require the following details to appear on all deposits:
THE COMPANY AND BANK DETAILS:
COMPANY NAME: DANCE FOR PD SA (NPC)
COMPANY REGISTRATION NO: 2018/261191/08
REGISTRATION DATE; 02/05/2018
PUBLIC BENEFIT REGISTRATION NO: 930065088
REGISTRATION DATE; 04/04/2019
AUDITORS: A C VENTER INC. - BELLVILLE
BUSINESS CURRENT ACCOUNT: DANCE FOR PD SA NPC
BRANCH NAME: LONG BEACH
ACCOUNT NUMBER: 62770154228
BRANCH CODE: 250655
All donations please send confirmation of payment to email@example.com.
Once the donation has appeared on the bank account, an 18A certificate will be issued to the donor (not available for anonymous donors).
K J Viljoen - Non-Executive Chairman
J J Symmonds - Managing Director
C (Wesson) Davidson - Financial Director
I A Brotherton - Non-Executive Director
T L Symmonds - Non-Executive Director
H C Arthur - Consultant