Do I need to pay tax on the funds raised ?

Do I need to pay tax on the funds raised ?

Do I need to pay tax on the funds raised ?

The funds you raise on BackaBuddy will be paid out after the deduction of BackaBuddy and third party payment fees. The net amount you receive after the deduction may be applicable for local government taxes.

Unfortunately, BackaBuddy does not provide tax advice and suggests that you check with your tax consultant regarding possible implications.

Please click on this link for more insight on Tax: https://www.taxtim.com/za/guides/donation-tax-all-you-need-to-know