Donation Tax

[GuileX]

I made a donation to a non profit organization, it was done with my credit card.

My bank Charged me a R40 intl fee.

Is there anyway to dispute this with them?

 

[P924]

No, it is the currency conversion fee. Did you donate $100?

 

[ArmatageShanks]

I don't think we have tax on donations, maybe a fee yes. Tax on donation would be the definition of financial rape.

 

[P924]

I don't think we have tax on donations, maybe a fee yes. Tax on donation would be the definition of financial rape.

Well, we do have donations tax...
http://www.sars.gov.za/TaxTypes/DonationsTax/Pages/default.aspx

 

[ArmatageShanks]

Well, we do have donations tax...
http://www.sars.gov.za/TaxTypes/DonationsTax/Pages/default.aspx

Rape I tell you

 

[GuileX]

No, it is the currency conversion fee. Did you donate $100?

It was $80

 

[Arthur]

The bank fee is between you and your bank and has nothing to do with the purpose of the disbursement.

Above the SARS-defined threshold, donations are indeed subject to tax, as per gamer16's link.

 

[Former member 61586]

Why is the word "tax" in the title?

 

[Brute]

Donations are taxed by SARS after you donate more that a certain limit as mentioned in above posts, what you asking about is a bank charge between you and your bank.

 

[msquared]

This thread is not what I expected it to be...

Pretty much what everyone said above.