The Income Tax Act exempts the income of “exempt organisations” such as ‘not for profit organisations’ and charities. However, the exemption is not automatic and requires an application process with the URA. #Taxfridays
The Income Tax Act exempts the income of “exempt organisations” such as ‘not for profit organisations’ and charities. However, the exemption is not automatic and requires an application process with the URA. #Taxfridays