Tax Benefits

TAX EXEMPTION- Section 18A
What it means for you our loyal donors
 
Without donor support AMCARE cannot succeed in our mission to PROVIDE COMPREHENSIVE HIV & AIDS and Victim Empowerment Services in the Greater Alberton and Ekurhuleni area. We continue to expand our fundraising activities to support our social development and health work and one of the benefits we are able to offer to our supporters is a Tax Exemption benefit. All donations made to AMCARE are exempt from donations tax and qualify the donor for deductions from taxable income in accordance with Act 58 of 1962. AMCARE is tax exempt under section 10(1) (cN) of the Income Tax Act as amended in 2000. The recently amended section 18A provides for deductions from taxable income. In accordance with this amendment AMCARE, as a Public Benefit Organisation, is entitled to provide Tax Exemption benefits. AMCARE donors are eligible to receive a Section 18A tax certificate enabling them to claim a deduction from personal or corporate taxable income. Donor deductibility applies to cash donations and donations in kind - such as goods and services.

When you submit the receipt with your annual income tax return, you can get up to a maximum deduction of 10% of your annual taxable income or R1000 (whichever is greater). Nothing prevents a taxpayer from donating amounts in excess of the amount stated, but they will not get a tax break for the amount unless it is the greater of 10 percent of taxable income or R1000. AMCARE receives and administers all donation income. Tax certificates are issued in accordance with the legislation for all donations received. AMCARE will automatically be issuing Section 18A receipts for all donations larger than R300 but any donors who would like a receipt for donations below this level can request them directly from the Administrator (Percy Howroyd at AMCARE@absamail.co.za; Tel: 011 869 5856). If you would like to read more about PBO and Section 18A criteria, log on to http://www.sars.gov.za/legislation/other/Section%2018A.pdf.

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