What does Section 18A status mean?
Section 18A enables you, the taxpayer, who has made a donation to I AM SHE to claim a tax deduction up to a certain limit.
In a nutshell, I AM SHE donors are entitled to deduct the total value of their donations to I AM SHE, up to a limit of 10% of your taxable income for that tax year.
In order to claim a tax deduction, you must hold a section 18A certificate issued by I AM SHE.
Is I AM SHE Section 18A Approved?
I AM SHE is an approved institution for purposes of section 18(A) of the Income Tax Act, and donations to I AM SHE are tax deductible in certain instances.
Where do I get my Section 18A certificate?
I AM SHE will issue Section 18A certificates at the end of the tax year, these certificates will include any donations made to I AM SHE from November 2022. To ensure that your certificate includes all the details required by SARS, please email all your details including your tax number and proof of donation at actions@iamshe.info
Are there any terms and conditions I should be aware of?
• The donation must be bona fide, meaning that nothing can be expected to be given in return for the donation
• The original certificate must be kept in a safe place and made available to SARS if requested.
• The Section 18A certificate must have the correct details of the taxpayer
How does the Section 18A tax benefit work?
Taxpayers deduct their donations from their taxable income, lowering the total tax due. The reduction depends on your marginal tax rate.
e.g. If your marginal tax rate is 35%, a donation of R1 000 will result in a reduction of R350 in tax payable.
I AM SHE is now Section 18A registered. Which means that all donations made to I AM SHE are fully tax-deductible through your annual income tax submission.
Donate today and claim your Section 18A certificate from us.
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