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Donations to Political Parties - No More

 

In the first bill introduced by the new government, most donations to political parties or individual were made non-deductible.


 

Specific tax deductions are removed for contributions and gifts to political parties and independent members and candidates.

General tax deductions are removed for business.

However, employees and office holders can claim deductions under S 8(1) provided they meet the general deduction requirements.

This change applies to parties, members and candidates at federal, state and local government level.

 

 

 

 

 

 

 

 

 

 

 

 

 

 



4th-June-2008