Public Benefit Organisation definition

Public Benefit Organisation. (PBO) means a public benefit organisation as defined in Section 30(1) of the Income Tax Act, No.58 of 1962;

Public Benefit Organisation means any organisation—

Public Benefit Organisation means an organization as described in Section 30 of the Income Tax Act.

Examples of Public Benefit Organisation in a sentence

• Public Benefit Organisation Property means property owned by public benefit organisations and used for any specified public benefit activity listed in item 1 (welfare and humanitarian), item 2 (health care), and item 4 (education and development) of part 1 of the Ninth Schedule to the Income Tax Act.

• The Council shall grant a rebate to any organisation that is registered as a Public Benefit Organisation, in terms of the Income Tax Act oncondition that the property is used for an activity listed in item 1 (welfare and humanitarian), item 2 (health care) and item 4 (education and development) of Part 1 of the Ninth Schedule to the Income Tax Act.

• CIS X donates the R250 derived from the money market instruments to Public Benefit Organisation Result: The R250 donated to the Public Benefit Organisation will not be subject to the Dividends Tax.

• Is the organisation registered as a Taxpayer and/or as a Public Benefit Organisation (PBO) and /or as a Non-Profit Organisation (NPO).

• Tax Exemptions In order to be eligible for exemption from income tax and certain other taxes, an organisation first must qualify as a Public Benefit Organisation under Section 30 of South Africa’s Income Tax Act, as summarized in Section IV, above.

More Definitions of Public Benefit Organisation

Public Benefit Organisation means a property where the dominant activity is listed in item 1 (welfare and humanitarian), item 2 (health care) and item 4 (education and development) of Part 1 of the Ninth Schedule to the Income Tax Act.

Public Benefit Organisation means any organisation of a public

Public Benefit Organisation. * means an Entity as defined in section 30 of the Income Tax Act of 1962.

Public Benefit Organisation. – means a Public Benefit Organisation as defined in section 30(1) of the Income Tax Act;

Public Benefit Organisation means the CO Association which carries on a public benefit activity and complies with the provisions of section 30 of the Income Tax Act of 1962;

Public Benefit Organisation. , means an organisation that does not work for profit and does not pay tax in or out of South Africa. The organisation is most likely involved with charitable work.

Public Benefit Organisation means a public benefit organisation specified as such and listed in Item 1 (welfare and humanitarian), Item 2 (health care), and Item 4 (education and development) of part 1 of the (9th) Ninth Schedule to the Income Tax Act, 1962, and must be registered as such and be in possession of a tax exemption certificate issued by South African Revenue Services in terms of the Income Tax Act,1962,