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I understand that the CID will be incorporated as an NPC (Non Profit Company). Can it also be registered as PBO (Public Benefit Organisation), and will the levy on rates be S18A tax deductible?

The CID will be incorporated as a non-profit company (NPC) in accordance with City of Cape Town regulations and may also be registered as a PBO. We are awaiting finalisation of the City’s draft policy document on PBO status. The City has indicated that it has legal advice to the effect that the additional rates levies payable to the CID do not qualify for S18A deductions against ratepayers’ income tax.