The last day of the South African Tax Season 2012/2013 is Thursday 28 February 2014.
As you may be aware, you are allowed to reduce your tax liability by donating up to 10% of your taxable income before 28/02/2014. For example:
On a monthly taxable income of R20,000 the tax liability is R3,027.31. Assuming the full 10% is donated, your liability drops to R2,527.31. In other words, the charitable institution gains R2,000 while you lower your net by only R1,500 - an effective tax rebate of R500!
As TSiBA Education is a registered with SARS as a Public Benefit Organisation (PBO), donations made to TSiBA Education can be claimed as a qualifying deduction on your 2014 income tax return (please see our banking details below). Please email us at email@example.com to request a Section 18A invoice to include on your income tax return.
Click HEREfor further details on how this tax deduction works.
Account Holder: TSiBA Education NPC
Bank: First National Bank
Account number: 62063430278
Branch code: 250655
Reference: Your Name and Surname
TSiBA Education NPC is registered and accredited with the Department of Education as a Private Higher Education Institution No: 2007/HE08/001
Company Reg: 2004/005126/08 | PBO No: 930014613 | NPO No: 043-720-NPO