The National Treasury and Economic Planning on 18 June 2024 gazetted the Income Tax (Donations and Charitable Organizations Exemption) Rules, 2024 (the Rules). The Rules revoked the Income Tax (Charitable Donations) Regulations, 2007.
The objective of the Rules is to prescribe the procedure for determining the allowability of donations and prescribe the procedures for applying for, processing, granting and retaining an exemption from income tax.
Key definitions
The rules provide numerous definition…