Not-For-Profit

New draft Tax Ruling on the ‘Games and Sports Exemption’ for not-for-profit clubs

Clubs, associations, and societies that generate income through their activities need to determine if their income is taxable or whether the ‘games and sports exemption’ from income tax applies. When we talk about clubs, associations and societies (collectively referred to as ‘clubs’), we are referring to community sports clubs, chess clubs, netbal...