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Tax Happy Hour - Taxation for NPO and PBO

To provide participants with a basic overview of the following: Income Tax for NPO’s who does not enjoy PBO status. Income Tax benefits for a PBO. VAT treatment of Associations not for Gain and Welfare Organisations.

1 CPD unit 19 February 2025 1 presenter

What will set you apart

By completing this course you will gain the following competencies

  • Distinction between NPO’s with and without PBO status.
  • PBO’s not being exempt from income tax but subject to partial system of taxation.
  • That special VAT rules applies for NPC’s, Welfare organizations that can provide valuable benefits for clients.

Event breakdown

  • Section A: What is the difference between non-profit companies (“NPC”) and PBO’s
  • Section B: Overview of Income Tax legislation as it affects PBO’s including the rules regarding the issues of S18A certificates (IT 3(d))
Category: TaxationType: CPD CourseCPD category: Tax

Description

The Income Tax and VAT treatment of NPO’s, PBO’s, Associations not for Gain and Welfare Organizations are extremely complex. Many persons believe that Income Tax and VAT benefits would be enjoyed by an NPO even though it is not formally registered as a PBO. This is a common misconception leading to costly disputes with SARS. Other organizations formally registered as PBO’s are not necessarily accessing the significant VAT benefits applicable to “welfare organizations”. This course is designed to assist tax practitioners and accountants to advise their NPO and PBO clients appropriately with regards to the numerous tax pitfalls and opportunities that should be navigated.

Presenters

Johan Heydenrych

Johan Heydenrych — Johan Heydenrych is a Chartered Accountant and tax specialist with more than 30 years of experience in taxation. He was a Tax Partner at KPMG from 1997 to 2020 and is currently a Partner in the Kreston SA network. Johan holds an MCom in Taxation (Cum Laude) and advises clients across a wide range of industries on tax governance, compliance, disputes, technical tax matters, restructurings, mergers and acquisitions.

You will earn a certificate

On successful completion you will receive a certificate for 1 CPD unit in Tax.

Requirements

  • Laptop, desktop, or mobile device with internet access
  • Microsoft Edge, Google Chrome, Safari, or Firefox browser