I need to register a political party for SARS, what documents do i need from them, it is a political party that seats at the parliament it is registered with IEC on a national level. They do not have SARS profile. SARS registration needs a fund number and
Important:
This answer is based on tax law for the tax year ending 28 February 2020.
Answer:
Under section 10(1)(cE) of the Income Tax Act, there shall be exempt from normal tax … the receipts and accruals of any political party registered in terms of section 15 of the Electoral Commission Act, 1996 (Act No. 51 of 1996).