DGMT NGO Commons - A Resource for Enhancing Good Governance and Accountability

A Resource for Enhancing Good Governance and Accountability

Tip: What is a founding document

DGMT Tip

If you are considering applying for tax exemption (registering as a Public Benefit Organisation with the South African Revenue Service), you must align the objectives of your organisation – within your founding document – to the requirements of the Income Tax Act, 1962 (Act No. 58 of 1962 as amended), i.e. “The sole or principal object of the organisation must be to carry on one or more of the Public Benefit Activities listed in the Ninth Schedule”.