NEW PBO RETURNS - IT3 (D) certificates Explained!

[@JHwynandlouw]

Thank you. Very helpful. I was stuck for a while on third-party registration even though we do not have more than 50 certificates.

[@SAAccountingNetwork]

Yes some if this process is a bit odd

[@ridwanaparker8445]

Love this! thank you so much for the guidance on this!

[@SAAccountingNetwork]

Glad it was helpful!

[@ridwanaparker8445]

@@SAAccountingNetwork would you be uploading a video for the IT3t submissions which is due at the end of this month?

[@SavedbyGraceCT]

Thank you so much!

[@SAAccountingNetwork]

You're welcome!

[@irene_aciro]

Brilliant! Thank you so much for your help 🎉

[@SAAccountingNetwork]

You are so welcome!

[@khaleeldatay4959]

Thank you the video was very helpful

[@SAAccountingNetwork]

Glad you enjoyed it🙏

[@nickyvanleeuwen1013]

This was brilliant thanks!

[@SAAccountingNetwork]

Glad you enjoyed it!

[@kobusbarnard7372]

Very helpful, thank you kindly.

[@SAAccountingNetwork]

Glad it was helpful!

[@MarzenaWells]

Thank you for very clear guidance. I have a question regarding "IT3(d) Donor Entity - Beneficiary Address". This confuses me as it says BENEFICIARY Address and I would think that would be the address of the organisation who received the donation. In your video the explanation is that it would be the donor address...🤷

[@SAAccountingNetwork]

That is how I understand it

[@renellep123]

Good day, thank you so much for this video. I have a question though. If I received donanations from Overseas companies... they dont have South African Tax reference numbers - how do I declare these donations if the Tax reference number is mandatory?

[@SAAccountingNetwork]

No idea, only shared what I know, please let me know if you find the answer🙏

[@SavedbyGraceCT]

My understanding is that you only declare donations for which you actually issued tax certificates. We don't issue S18(a)'s to our foreign donors.

[@peterpooe3145]

Could you please make a video on how NPC tax work if not PBO registered.

[@SAAccountingNetwork]

Great idea

[@peterpooe3145]

@@SAAccountingNetwork Thanks

[@fransasteyn6966]

Thank you, but how do you submit the data if there are more than 50 certificates?

[@SAAccountingNetwork]

I know they use that other system - www.sars.gov.za/wp-content/uploads/Ops/Guides/GEN-ENR-01-G02-Guide-for-Submission-of-Third-Party-Data-Using-the-HTTPS-Channel-External-Guide.pdf

[@SavedbyGraceCT]

How do we handle the issuing of tax period 23/24 section 18(a) tax certificates after the 31/05/24 Deadline? We couldn't reach some of our donors for the additional information required on the tax form before the deadline. Now we have a situation where donors are contacting us to request certificates for 23/24 tax period, after the deadline. How do we submit these, after the fact?

[@SAAccountingNetwork]

Hi there, greeat question but sadly I also dont know the answer, we are all still learning, if you do find the answer can you maybe share it in the comments?

[@renellep123]

Do we have to submit the physical Donations Receipts to SARS?

[@SAAccountingNetwork]

No, only electronic 🙏

[@anshestoffberg7268]

Hi all, I have question a question, I've done my Data Return wrong, and submitted the Data, but not yet the return. Is it possible to delete the Data Return? Or can I just complete another Data Return for the same period, and when I submit it will override the incorrect data return? Thanks

[@SAAccountingNetwork]

Great question, I unfortunately don’t have an answer, but if it works can you please leave a comment, we are all learning together 🙏

[@anshestoffberg7268]

@@SAAccountingNetwork Good afternoon, I submitted another Data return with the correct data, but it did not override. Now my IT3D return reflects the total value of both the Data Returns, in stead of the corrected one, which is incorrect. I phoned SARS, they could not help me. If someone has an answer, please help. Thanks@

[@ChristopherMaseko-zz5xz]

You are God sent. Hope SARS can adopt your approach ei video demos. Is there any other way to make donation. QR Code scan

[@SAAccountingNetwork]

Thank you 🙏

[@jessy_arnoldus9340]

Hey new subscriber, I was wondering if taxation for a Forex trader is taxable as normal income tax

[@SAAccountingNetwork]

I recorded a video on tax on cryptos, same rules apply. If you make money, it will be taxed.

[@jessy_arnoldus9340]

@@SAAccountingNetwork thank you

[@buzybody2531]

Sir would you please make a vidoe on how forex traders pay tax in south africa! it would save lifes

[@SAAccountingNetwork]

Sadly its too technical for a video