Definition of Public Benefit Organisation

Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)

Public Benefit Organisation

Means an entity as defined in section 30 of the income Tax Act of 1962;

BizAdvance Consulting comments and references:

A public benefit organisation (PBO) can be a trust, a company  (not for gain), or an  association registered with the South African Revenue Service (SARS) in terms of Section 30(1) of the Income Tax Act, No 58 of 1962

Comments are based on the opinion of BizAdvance Consulting and may be subject to different interpretations and opinions by other parties. The comments and references are intended as a guide to readers but it is important that they are read in conjunction with the Codes and other related legislation. Please refer to our Disclaimer Policy.