CSI SPEND
Wheel Well invites companies to consider allocating their Corporate Social Investment (CSI) spend towards our projects. As a BBBEE level 1 entity, we are committed to fostering sustainable social impact within communities. By partnering with us, companies can make a tangible difference while fulfilling their corporate responsibility objectives through our impactful projects. Additionally, donations to our projects qualify for section 18A certificates, providing tax benefits. Together, we can create meaningful change and build a safer future for our children through improved road safety. Join us in making a lasting impact through strategic social investment.
18A receipts and BEE points:
We realise that our donors deserve recognition for their involvement in the transformations we perform.
We reward all donations over R500 with a section 18A donation receipt and BEE letter of thanks making the donations Tax deductible and allows the donor to claim full BEE points under the SED category.
BEE Points:
Your donation is used exclusively by the Wheel Well on our projects which directly benefit the previously disadvantaged, earning you full BEE points for Socio-Economic Development.
18A Donations FAQ
A PBO is an organisation that meets the requirements prescribed in section 30 of the Income Tax Act (the IT Act) and which may apply for approval to the Commissioner of the South African Revenue Service (the Commissioner), to enjoy the benefit of certain tax concessions.
This is a specific receipt that is issued to a donor by an organisation that has been approved by the Commissioner under section 18A of the IT Act. A taxpayer making a bona fide donation in cash or of property made in kind is entitled to a deduction from his taxable income if the donation is supported by the necessary tax deductible receipt.
The donations received in cash or of property made in kind may only be used to carry on PBAs listed in Part II of the Ninth Schedule of the IT Act.
PBAs approved by Minister of Finance for section 18A purposes are listed in Part II (of the Ninth Schedule to the IT Act). The PBAs are limited to certain categories, the following which falls within Wheel Well mandate:
• Health Care
• Education and Development
The following examples do not constitute a bona fide donation: The donation of services rendered such as a professional person providing a voluntary service or renders his skill free of charge. An amount paid for attending a fundraising dinner, dance or charity golf day. The amount paid for the successful bid of goods auctioned to raise funds by an organisation. Memorabilia, paintings, etc, donated to be auctioned to raise funds. Amounts paid for raffle or lottery tickets. Amounts paid for school fees, entrance fees for school admittance or compulsory school levies. Value of free rent, water and electricity provided by a lessor to the lessee which is an approved PBO. Payments in respect of debt due by an entity approved in terms of section 18A. An example would be the cost of repairs to a vehicle paid on behalf of the PBO.