Business Report - Taxman takes hobbles off non-profit organisations: "Taxman takes hobbles off non-profit organisations
January 26, 2007
By ANNA VAYANOS
Recent amendments to the Income Tax Act now permit public benefit and non-profit organisations to invest largely however they choose and to participate much more easily in unlisted black economic empowerment (BEE) transactions.
These changes will affect not only charities but also individuals and companies that have their own charitable trusts to run family foundations or corporate social investment programmes."
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