Abraham Kriel - Tax Benefits

Tax benefits to donors in terms of Section 18 A

Abraham Kriel Childcare is a Section 21 company and qualifies as a Public Benefit Organisation (PBO). This allows a tax benefit to Abraham Kriel Childcare's donors. AKC may issue Section 18A receipts for bona fide donations, which allows for donations of up to 10% of taxable income to be deducted from such income, as stated in the Act.

Donations that qualify for tax certificates are:

Financial contributions:

In cash or
By cheque or
By postal order or
By direct deposit or
By EFT or
By donating via the donate button on the AKC website or
By a debit order or a credit card deduction

Donations in kind

(any gift of goods to Abraham Kriel Childcare that causes a saving on the budget and can be taken into the books as income) eg.

Non-perishable foods
Consumable goods
New clothes
New capital items such as TV's, stoves, fridges etc.
Donations of necessary materials for maintenance work such as paint, glass, light fittings, geysers etc.

Second hand goods

Second hand goods do not usually qualify for a tax certificate. (There are exceptions to this rule e.g. the donation of a vehicle, where a market value can be determined.)

Note: Abraham Kriel Childcare does not assign a value to donations in kind. The onus is on the donor to keep a record of cost to submit to SARS.

Some preconditions:

A donation must leave an audit trail and therefore must reflect as income on the books of Abraham Kriel Childcare before a tax certificate can be issued.
A valid postal address for the donor must appear on the tax certificate for it to be acceptable to SARS.
Art. 18A receipts will not be issued where the transaction involved a trade of any kind. Eg. Buying an item at a charity auction.

Please enquire about preconditions prior to making your donation.

Please note that CONDITIONS apply.
For more information go to www.sars.gov.za

Visit BBBEEE Benefits Donors.

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