South African Organisation (NGO, NPO, NPC, PTY or Trust) may apply at SARS to become recognised as a Public Benefit Organisation (PBO) and be EXEMPTED from paying Income Tax. The purpose of the organisation MUST however be purely ‘not for profit’ and meet the requirements of the Income Tax Act of 1962.
You organisation’s primary objective must be focused on a cause that is not for profit; AND fall under one of the Public Benefit Activities listed in Part 1 of the Ninth Schedule to the Income Tax Act:
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To qualify for approval as a PBO an organisation must be incorporated or established in South Africa as:
Preferential tax treatment is designed to assist non-profit organisations by augmenting their financial resources. If the exemption application has been approved by SARS, the organisation is registered as a Public Benefit Organisation (PBO) and allocated a unique PBO reference number.
The PBO wishes to purchase a property in order to further its public benefit activities (PBAs) which are exempt supplies in terms of the VAT act. The PBO also makes a small amount of taxable supplies which is why it is registered as a VAT vendor.
Both NPO and NPC are allowed to register with SARS (South African Revenue Services) as a PBO to benefit from special tax exemption. Non-profit companies (NPCs), as well as trusts, can still get PBO status even without needing to register under the NPO Act.