CSI - The Benefits of Giving
Making a difference has never been this easy!
UVIWE CHILD & YOUTH SERVICES offers you an easy way to make a difference in the lives of our children and communities – whilst getting something in return. UVIWE Child & Youth Services is a registered Non Profit Organisation (NPO 003-620) and Public Benefit Organisation (PBO 130000944).
Donations made to the organisation can be claimed as a qualifying deduction on your annual income tax return and qualify to earn BEE points for your company. There are various ways in which your company and our organisation can partner. Some of the partnership options include direct services, volunteer work or sometimes just keeping it simple & easy. For BEE points, make your donations or grants to organisations that can produce the right administration documents in time for your year-end and be sure that your spend shows in your financials before 28 February.
1. Socio-economic Development
The Socio-Economic Development Certificate (SED) is a verified certificate that our “beneficiary profile” have been audited. A company will therefore not need to appoint an independent auditor when they are asked during their BBBEE/BEE score card submission to verify their SED points. We can submit our beneficiary profile in the form of an annual verified SED certificate – in line with the intention of BBBEE/BEE. The SED certificate will enhance the company’s BEE points towards SED.How to get SED Points?
- What you need: you need to spend 1% of your NPAT
- What we can give: information about our beneficiary profile (race, gender and age breakdown – as per your requirements)
2. Article 18A tax certificate
Make your tax submission work for you.
View Section 18A of the Income Tax Act
How we can assist you:
The last day of the Tax Season for individuals and Financial Year End for many companies in South Africa occurs end of February every year.
- As an individual, you can reduce your tax liability.
- As a company you can earn a good BEE score with extra Socio-economic Development points as well as enjoy tax benefits by receiving an Article 18A tax certificate.
IndividualsYou are allowed to reduce your tax liability by donating up to 10% of your taxable income before 29/29 February every year, for example:
- on an annual taxable income of R500 000, the tax liability is R123 039 (24.6%)
- on R450 000 (assuming the full 10% is donated), the tax liability drops to R105 059 (23.4%)
- this is an effective tax rebate of R17 979 in the above calculation.
Companies - BEE PointsCompanies are allowed to reduce tax liability by donating up to 10% of your taxable income before 28/29 February every year. For example:
- on an annual taxable income of R500 000, the tax liability is R 140,000 normal tax and an additional R 54,000 dividend tax
- and on R450 000 (assuming the full 10% is donated), the tax liability drops to R 126,000 normal tax and R 48,600 dividend tax
- this is an effective tax rebate of R19,400 in the above calculation.
Uviwe's BEE Level Rating is in the process of being finalized.
Email us at email@example.com to request a Section 18A invoice (once donations are reflected in our bank account) to include on your tax return.
Account Name: Uviwe Child & Youth Services
Bank: First National Bank
Account Number: 62149980981
Branch Code: 250655
Account Type: Savings
Swift Code: FIRNZAJJ
Reference: Your name/Company name