Is your PBO actively registered at SARS?
If your organisation has not submitted annual financial statements and is found to be non-compliant and not approved by SARS under section 18A, then you will not qualify for tax-exempt donations, and neither will the company making such donations. As a result, your organisation will be taxed on all income received and the company making said donation will not be able to claim tax back from SARS.
We are able to backdate any outstanding returns, correctly prepare annual financial statements and make sure you are fully compliant with SARS. This includes applying for approval under Section 18A. Thereafter, we can prepare your financial statements and submit them on your behalf on a yearly basis.