Mandatory IT3(d) Reporting for PBOs: Compliance Made Simple
The South African Revenue Service (SARS) has recently been on a drive to modernise and simplify tax processes. This evolving best practice of third-party data requirements has been extended to include Public Benefit Organisation’s (PBO’s), enabling SARS to develop an efficient process in granting Section 18A (S18A) deductions to taxpayers and help prevent claims abuse.