Paw Prints Rescue and Rehoming – Section18A and donor Information Form
Paw Prints Rescue and Rehoming – Section18A and donor Information Form
Information Requirements from donors to be able to issue Section18A certificates.
A Section 18A donation is a tax deduction, not a rebate.
Your qualifying donation reduces your taxable income, generally limited to 10% of taxable income per year (any excess can be carried forward).
Your tax saving depends on your marginal tax rate:
- At 31%, a R1,000 donation may reduce tax by about R310
- At 45%, a R1,000 donation may reduce tax by about R450
For companies, a valid Section 18A donation reduces taxable profits and can save tax at the current 27% corporate rate, depending on the company’s tax position.
Actual savings depend on individual or business circumstances and SARS rules.