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Approval for Section 46
Looking for more ways to increase donations to your organization?
Donations made to a non profit organization that has approval under Section 46(a) of the Income Tax Ordinance give the donor a tax refund (credit) in the amount of 35% of the donation given and for companies that donate – a credit in the amount of the corporate tax, currently, at a rate of 23%.
So, how does one do it?
The approval for the organization is granted by the tax authority after meeting many criteria and a cumbersome procedure of submitting various documents. Our firm will accompany the organization and conduct an examination before the submission, ensuring that the organization has the best chances of receiving the approval. In addition, adjustments and changes will be made as necessary in order to comply with the provisions of the law and get the approval.
Would you like to start the application process in the best way until the receipt of the approval as soon as possible? Contact us today to start the process.