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Rudolf said: 30 November 2015 at 11:05 Our church wants to donate a parting gift to a retiring Pastor of between 500000 and 750000. Will the church have to pay donations tax or will the retiring Pastor have to pay tax on this amount? |
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TaxTim Marc said: 1 December 2015 at 8:55 Is the church a registered Public Benefit Organisation? |
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Rudolf said: 1 December 2015 at 8:57 Yes, it is. We have a PBO Registration. |
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TaxTim Marc said: 1 December 2015 at 11:16 PBO's are exempt from donations tax therefore no donations tax will be payable by the church and gifts are tax-free in the hands of the donor. If he files a tax return, he should declare this amount as "not considered taxable". |
