NEW PBO RETURNS - IT3 (D) certificates Explained!
How to File SARS IT3 (D) Returns for Section 18A Donations Received by Public Benefit Organisations! - explained step by step!
Also go check under Organisations - rights groups - manage groups - click on "open" and make sure the IT3 is selected otherwise you wont be able to access the returns!
In this comprehensive tutorial, learn how to navigate SARS requirements for Public benefit Organisations for filing IT3D certificates, specifically crucial for Section 18A approved entities issuing tax deductible donation certificates (Section 18A receipts).
The video guides you through each step, ensuring easy compliance .
Discover how to:
-Activate the tax type and access rights groups required by SARS to file IT3(D) returns.
-Submit the necessary IT3(d) data to SARS for Section 18A third-party submissions.
-File and manage IT3(d) returns effectively to maintain SARS compliance.
Ensuring timely submission by the May 31, 2024 deadline is critical for maintaining tax-exempt status for approved Public Benefit Organisations (PBOs). Non-compliance risks not only penalties but might also impact donors' personal tax deducatability of donations
If you support a PBO, then please make sure that they submit the IT3(d) certificates to SARS.
Пікірлер: 34
Thank you so much!
@SAAccountingNetwork
23 күн бұрын
You're welcome!
Love this! thank you so much for the guidance on this!
@SAAccountingNetwork
Ай бұрын
Glad it was helpful!
Brilliant! Thank you so much for your help 🎉
@SAAccountingNetwork
Ай бұрын
You are so welcome!
This was brilliant thanks!
@SAAccountingNetwork
Ай бұрын
Glad you enjoyed it!
Thank you the video was very helpful
@SAAccountingNetwork
Ай бұрын
Glad you enjoyed it🙏
Very helpful, thank you kindly.
@SAAccountingNetwork
10 күн бұрын
Glad it was helpful!
You are God sent. Hope SARS can adopt your approach ei video demos. Is there any other way to make donation. QR Code scan
@SAAccountingNetwork
Ай бұрын
Thank you 🙏
Could you please make a video on how NPC tax work if not PBO registered.
@SAAccountingNetwork
13 күн бұрын
Great idea
@peterpooe3145
12 күн бұрын
@@SAAccountingNetwork Thanks
Good day, thank you so much for this video. I have a question though. If I received donanations from Overseas companies... they dont have South African Tax reference numbers - how do I declare these donations if the Tax reference number is mandatory?
@SAAccountingNetwork
Ай бұрын
No idea, only shared what I know, please let me know if you find the answer🙏
@SavedbyGraceCT
24 күн бұрын
My understanding is that you only declare donations for which you actually issued tax certificates. We don't issue S18(a)'s to our foreign donors.
Sir would you please make a vidoe on how forex traders pay tax in south africa! it would save lifes
@SAAccountingNetwork
Ай бұрын
Sadly its too technical for a video
How do we handle the issuing of tax period 23/24 section 18(a) tax certificates after the 31/05/24 Deadline? We couldn't reach some of our donors for the additional information required on the tax form before the deadline. Now we have a situation where donors are contacting us to request certificates for 23/24 tax period, after the deadline. How do we submit these, after the fact?
@SAAccountingNetwork
21 күн бұрын
Hi there, greeat question but sadly I also dont know the answer, we are all still learning, if you do find the answer can you maybe share it in the comments?
Do we have to submit the physical Donations Receipts to SARS?
@SAAccountingNetwork
Ай бұрын
No, only electronic 🙏
Hi all, I have question a question, I've done my Data Return wrong, and submitted the Data, but not yet the return. Is it possible to delete the Data Return? Or can I just complete another Data Return for the same period, and when I submit it will override the incorrect data return? Thanks
@SAAccountingNetwork
Ай бұрын
Great question, I unfortunately don’t have an answer, but if it works can you please leave a comment, we are all learning together 🙏
@anshestoffberg7268
Ай бұрын
@@SAAccountingNetwork Good afternoon, I submitted another Data return with the correct data, but it did not override. Now my IT3D return reflects the total value of both the Data Returns, in stead of the corrected one, which is incorrect. I phoned SARS, they could not help me. If someone has an answer, please help. Thanks@
Hey new subscriber, I was wondering if taxation for a Forex trader is taxable as normal income tax
@SAAccountingNetwork
Ай бұрын
I recorded a video on tax on cryptos, same rules apply. If you make money, it will be taxed.
@jessy_arnoldus9340
Ай бұрын
@@SAAccountingNetwork thank you