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Where to record a donation

Posted 30 August 2015

Dusty said:
28 August 2015 at 13:26

Who must record a donation of R100 000? The donor or donee and where on the tax form must it be reflected.

TaxTim Marc TaxTim Marc said:
30 August 2015 at 20:34

Is the amount under or over R100 000. Amounts donated over R100 000 are subject to donations tax payable by the donor at a rate of 20%. A special donations tax return is required to be submitted to SARS.

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