The Wildlife Conservation Trust (WCT) is a registered Public Benefit Organisation (PBO No. 930 049 115), which means bona fide donations made in cash or in kind by companies or individuals to the WCT, entitle the donor to a deduction from taxable income.
By supporting the Wildlife Conservation Trust, you not only support one of South Africa’s leading conservation entities that works tirelessly to safeguard wildlife for future generations, you fulfil your corporate responsibility, and qualify for a Section 18A receipt that entitles you to tax relief.
If your company has unallocated funds in the budget at the end of the tax year, consider a donation to the WCT to take advantage of this tax benefit.
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- A donation qualifying for a tax exemption is a gratuitous disposal by the donor out of liberality or generosity, under which the donee is enriched and the donor impoverished. It is a voluntary gift which is freely given to the donee. There must be no quid pro quo, no reciprocal obligations and no personal benefit for the donor. If the donee gives any consideration at all, it is not a donation.
- Section 30(3)(b)(v) provides that an approved PBO may not accept donations which are subject to conditions that could enable the donor or any connected person in relation to the donor to derive some direct or indirect benefit from the application of the donation. The donation may also, subject to limited exceptions, not be revocable by the donor.