Good Hope Psychologist Service is a PBO registered organisation.
PBO number: 930024785.
Tax benefits to donors when donating.
Donors also benefit when donating to a PBO compared to any other organisation. By donating to a tax-exempt PBO, the donor may achieve, among others, the following tax benefits:
To further incentivise donors to donate towards certain PBAs, government has also introduced additional tax savings to donors. Where a donor donates cash or in kind to PBOs, which are conducting certain PBAs, the donor will also achieve income tax savings by claiming a deduction of the donation against their taxable income.
Claiming tax deductions from SARS
Where donors have made donations to those PBO’s limited to conducting PBA’s under the following categories:
They obtain income tax benefits because they can be issued with tax deduction receipts from that PBO (known as an 18A certificate). The donors may then use these receipts to claim their donations as tax deductible expenses from SARS in their annual income tax returns. PBAs of a religious or cultural nature (such as art galleries and museums), and sport and recreational bodies do not qualify for an 18A status from SARS and consequently cannot issue 18A receipts for these donations.
Who can claim and how much can be claimed?
All donors – including salaried employee, a company or close corporation – can claim this deduction from SARS. The claim is however limited to 10 percent of the donor’s taxable income. The donation can be in the form of cash or in-kind (e.g. a supermarket may donate groceries and still qualify for this tax benefit).
Donors prefer tax–exempt charities
There are thousands of NPOs all competing to get their share of donor funding. A tax-exempt PBO stands a better chance of getting donor funding than one that doesn’t have this status. Tax exemption is a win-win situation for both donor and recipient because: