Supplier and Enterprise Development contributions and Taxation
The Donor Donations are typically made for altruistic and philanthropic purposes (gratuitous) by non-natural persons such as companies, close corporations, and trusts. Such contributions are taxable at 20%, with an exemption limit of R10 000 per year. For natural persons, a 20% donation tax is payable if the donation exceeds R100 000 per year. Public […]