• Donations tax – individuals for 2012/2013

    Posted on March 16, 2012 by PGH Chartered Accountants (S.A.) in Accounting news, Audit news, Tax news, VAT News.


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    Donations tax is generally levied on donations made by South African resident individuals and companies. For individual tax payers, donations tax is levied at a rate of 20% subject to certain exemptions available.  Below is a summary of the main exemptions for individuals:


    • Donations between spouses;
    • Donations to approved scientific, cultural, educational or religious institutions;
    • First R 100,000 per year of assessment (natural persons only)(a husband and wife are each entitled to this exemption);
    • Bona fide maintenance payments; and
    • Casual gifts by a donor other than a natural person – maximum R 10,000 per tax year.

    Please note that the above is not a complete list of exemptions.  In addition, is very important to ensure that all required documentation is completed and submitted in respect of all donations made.


    Please contact us should you require any additional assistance in this regard, at info@pghaccountants.co.za or use the contact us page on our website  www.pghaccountants.co.za.



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