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Hi. Thanks. But I'm seeking a clearer answer to my question 'are we compelled by law to register?'.
So what I'm after is to be pointed in the direction of the law that says you 'have' to register an NGO for tax. I ask this because I can't find the law that says you do!
I am asking this question also because I don't quite understand how a not-for-profit NGO is ever going to be in a position to pay tax on its 'profits' since there are never going to be any profits (any surplus is simply ploughed back into the organisation).
Hi. Thanks for this. Can I just take this to the logical conclusion with two final clarifications.
a) Is it true that registering a 'company' (albeit an NGO) is not compulsory but voluntary, under Statue Law (which I've been told only applies if you contract into it)?
I ask this because I've been told that there are many NGO's out there who have not registered because they have not 'contracted in'.
Do you have a view on this?
b) The penalty - is this just a fine? Any ideas as to how much?
I have no intention of breaking the law - just want to know where we stand - and to question everything!!