In our experience in working with non-profit organisations, we have encountered some common myths in relation to tax. Unfortunately, the impact of these myths can be devastating for these organisations, so here we try to debunk them.
Myth 1: “Non-profit entities are not taxpayers”
Every legal entity must be registered as an income taxpayer with SARS (and have an income tax number) and submit an annual tax return, including non-profit organisations.
Every legal entity, whether for-profit ...