Eszter Rapanos Eszter Rapanos

TAX FAQ: VAT Treatment of a PBO’s Aircraft Rental and Insurance Payouts

Wildlife conservation efforts often rely on specialized equipment, including aircraft, to protect endangered species and monitor vast landscapes. But when a Public Benefit Organization (PBO) owns an aircraft and rents it out for conservation purposes, how does this impact tax and VAT obligations?

A recent case involving a PBO in South Africa raised important tax questions:

  • Is income from hiring out the aircraft exempt from tax?

  • Should VAT be declared on an insurance payout after the aircraft was written off?

This article breaks down the tax treatment of PBO aircraft rental and insurance claims, ensuring compliance while supporting conservation efforts.

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Eszter Rapanos Eszter Rapanos

Tax FAQ: VAT Implications on the Sale of Property by a Liquidated Entity

When selling a business, VAT can be tricky! Does your sale qualify for zero-rating under the VAT Act, or will SARS demand 15% VAT? This article unpacks the key conditions for zero-rating, explains common pitfalls, and helps tax practitioners and accountants ensure compliance. Don’t risk unexpected VAT bills—know the rules before you assist your clients.

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Mahomed Kamdar Mahomed Kamdar

Tax FAQ: Confirming Non-Resident Tax Status by SARS

Have you ever wondered how to confirm non-residency status with SARS? Read our article and follow the step by step process when reporting non-resident status with additional tips on what to look out for when submitting documents.

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