SARS INTENT ON PENALIZING DONORS FOR AIDING THEIR FELLOW SOUTH AFRICANS
If you are making generous donations in this time of need, you can be certain SARS has their eye on you for the tax obligations which become due once the thresholds are passed.
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Many donors make the error of thinking a donation will automatically reduce their tax liability, however this is not the case in many instances.
A clear distinction must be drawn between donations which may reduce the donor’s tax liability and those which result in further liability being incurred.
It is of pivotal importance that a donor takes cognizance of all the do’s and don’ts of donations and their subsequent tax implications.
Our multidisciplinary team of tax attorneys and chartered accountants have a proven track record at taking on SARS toe-to-toe successfully and have assisted many taxpayers in becoming tax compliant and avoiding prosecution. We guarantee legal professional privilege on your matter and follow a strict legal and compliant approach with solution-based thinking.
MEET OUR TAX LEGAL SPECIALIST
Jashwin Baijoo
Head of Strategic Engagement & Compliance
Admitted Attorney, LLB, LLM (Tax)
SAIPA Tax Committee Member