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BBBEE and TAX

The Recovery Foundation NPO is classified as an Exempt Micro Enterprise. The Charity’s current turnover is below the threshold of R10 000 000 and as such is automatically defined as being a level 4 BEE contributor. All participating companies/donors are entitled to receive a Section 18A Tax certificate and all the necessary supporting docs for their contributions made to the Charity. This support is deductible for tax purposes and may be used to support the company’s BBB-EE scorecard status, as all the beneficiaries the charities supports fall well within the requirements and percentages of the Socio- economic development category.