Are you looking for a meaningful way to maximize the impact of your hard-earned taxes while maintaining complete transparency? Look no further than Starfish, where we offer you an exclusive opportunity to make tax-deductible donations that truly make a difference. By choosing Starfish as your donation platform, not only do you enjoy the advantage of reducing your tax burden, but you also hold the power to create a significant and lasting impact in the life of a child in need.
Your generous contribution becomes a guiding light, illuminating the path of hope and endless possibilities for those who are desperate for help. Together, we can embark on a mission to transform lives and make a positive difference, harnessing the incredible power of your tax-deductible donations. With your support, we can build a brighter future for all, where every child has the opportunity to thrive and succeed.
And that's not all – when you make a donation, we provide you with an 18A Certificate, serving as concrete proof of your generosity. This certificate not only ensures your peace of mind but also allows you to fully claim your tax benefits. Join us today and experience the joy of giving while making a lasting impact on the lives of those who need it the most. Together, we can create a world where every child's potential is unlocked and their dreams become reality.
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The deduction may, however, not exceed 10% of the donor’s taxable income during any year of assessment. This means that individuals and companies can contribute up to 10% of their taxable income as a charitable donation. However, if a donor has given more than 10% of their taxable income in one year, the excess amount can be carried over to the next year, allowing for continued support and generosity.
In addition, staff members can also benefit from tax relief on their PAYE (Pay As You Earn) through a concept known as "payroll giving." This involves the employer making donations on behalf of their employees, with the donations being up to 5% of the employee's remuneration. These donations are directed towards qualifying section 18A PBOs (Public Benefit Organizations), ensuring that the contributions have a meaningful impact.
It's important to note that the tax relief resulting from these donations will be reflected on the employee's IRP5 (Income Tax Certificate) at the end of the year, providing further incentive for individuals and companies to contribute towards charitable causes. By taking advantage of these opportunities, donors can maximize their impact and support while also enjoying the benefits of tax relief.
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Donations tax is calculated at a flat rate of 20% on the value of the donation up to R30 million, and at a rate of 25% on donations over and above R30 million.
It serves as evidence of the donation made and potentially enables the donor to claim a tax deduction from their taxable income on submission of the income tax return.
You go to our donate page (click here to go to the donate page) and fill in the necessary details including the amount you want to donate. If you are still not sure click here
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