New requirements for section 18A receipts issued by public benefit organisations

Section 18A of the Income Tax Act allows approved public benefit organisations (PBOs) to issue receipts to donors for donations received. The receipt issued by a PBO allows the donor to receive a tax deduction for such expenditure, subject to the limitations in section 18A.On 24 February 2023, a notice was issued by the South […]

Marriage and Tax: Why choosing how you get married is as important as choosing your wedding ring

Once the “big” question has been asked and met with a resounding “Yes!”, the planning for your dream wedding commences. A big part of the planning focuses on the budget for the wedding and how it should be spent, who to invite, seating arrangements, etc. But just as important as the decision to get married […]