TAX Benefits:
Collaboration with SABBA Movement can improve your B-BBEE score and/or ensure a tax Rededuction.
WE ARE A LEVEL 1 CONTRIBUTOR AND AN EXEMPT MICRO ENTERPRISE AS DEFINED IN THE SA B-BBEE CODES OF GOOD PRACTICE.
SABBA Movement can guarantee valuable B-BBEE points for your South African company’s scorecards under the following categories:
CATEGORY: SOCIO-ECONOMIC DEVELOPMENT
Creation of communal and individual food gardens, including training, tools, seedlings, security, mentorship and entrepreneurial support.
Establishment of egg and broiler poultry programmes – communal and individual for family consumption and income generation
CATEGORY: SKILLS DEVELOPMENT
Identifying skills training needs and setting up tailor made programmes in communities to empower people to start a business. Programmes will include (amongst others), sewing, beading, brickmaking, boiler making, carpentry, electrics, plumbing, mechanics, IT sales and cloud services, painting, roofing, tiling and others.
CATEGORY: ENTERPRISE DEVELOPMENT
Active identification of entrepreneurial opportunities in communities to grow the local micro economy.
Training, mentorship and support for food and poultry project members to start micro businesses or co-operatives to generate income.
Training, mentorship and support for skills development beneficiaries to start micro-businesses or co-operatives to generate income.
INCOME TAX REDUCTION & 18A CERTIFICATE
SABBA Movement is a registered PBO with SARS. This enables us to issue Section 18A certificates that will allow individuals or companies to claim for a tax reduction for the value of the donation. The deductible portion of the donation is capped at 10% of the taxable income of the donor. With donor companies, an excess donation may be rolled over as a deductible donation in the subsequent year of tax assessment. In addition, there is no donations tax payable for a donation made to a PBO.