VAT, Tax Savings, BBBEE & SETA Accreditation If you have read the previous editions of Az-Zakah or visited our web-site then you will be familiar with our entrepreneurship training programme. This is one of the services through which we intend to empower our recipients, in this case “would-be” entrepreneurs, so that they have the necessary skills and resources to look after themselves, independently!
The South African National Zakáh Fund (SANZAF) is a faith-based, socio-welfare and educational organisation that strives to facilitate the empowerment of needy families through the efficient collection and effective distribution of Zakáh and other Sadaqát in a proactive and cost effective way through projects – with dignity, sincerity and a shared responsibility. All in the service of the community and for the pleasure of Allah (SWT).
REGISTRATIONS & STATUS
2007 Winner of the FNB/Wesbank Islamic Business Awards in the category – Social Investment
What it means to be registered as a Public Benefit Organisation (PBO)
A Public Benefit Organisation (PBO) is any welfare, religious or cultural body, private school, bursary fund or charitable trust that has been approved by SARS. The PBO's legal status can take the form of either a Trust, a section 21 Company or an Association of Persons. SANZAF is registered as a Public Benefit Organisation (PBO – 930001714). The benefit to the donor is that any cash donation that is made to SANZAF can be claimed back from SARS. By donating to a tax exempt body the donor benefits from paying the 10% Donations Tax and Income Tax on Donations to certain PBO's. As an example, for a cash donation of R10, 000, an amount of R1,000 can be claimed back from SARS. As a result of its registration as a PBO, SANZAF is authorized by SARS to issue its contributors or donors with a Section 18A Tax certificate upon request. This will allow them to claim their 10% donations tax rebate. In this way, you are able not only to assist SANZAF help those displaced from their businesses and homes but also other relief organisations in South Africa.