Direct deposits may be made into our bank account. Please send us the remittance advice with the designation of the funds (to which project you are supporting) clearly written on the remittance advice.
|MSC Development Trust
Bank: Standard Bank
Branch Code: 001155
Type of Account: Current
A/C Number: 202 479 404
|ALL DONATIONS ARE TAX DEDUCTABLE!|
MSC Tax Exemption
The Missionaries of the Sacred Heart is registered as a Public Benefit Organisation in terms of Section 30 of the Income Tax Act, (the Act) and the receipts and accruals are exempt from income tax in terms of Section 10(1)(cN) of the Act. Donations by or to the Public Benefit Organisation are exempt from donations tax in terms of Section 56(1)(h) of the aforementioned Act; person in favour of the Public Benefit Organisation are exempt from the payment of estate duty in terms of Section 4(h) of the Estate Duty Act, 45 of 1955. (SARS 18/11/13/522).
A receipt is issued for the purposes of Section 18A of the Income Tax Act. The donation will be used exclusively for the objects of the Missionaries of the Sacred Heart Development Trust. SARS Reference No. 18/11/13/522. A receipt will be posted to you within 24 hours of receiving your donation.