Type of Exempt Entities and / or Categories

Section of the Income Tax Act (ITA)

Government Spheres (national, provincial, and local), e.g. National and provincial departments, municipalities.

S10(1)(a)

Foreign government and foreign government institutions:

UN Specialised Agencies

S10(1)(bA)

Multi-national Banks as defined in the applicable section

S10(1)(bB)

All funds defined in section 1 of the Pension Funds Act;
Pension Funds, Pension Preservation Funds, Provident Fund, Provident Preservation Funds, Retirement Annuity Funds, Beneficiary Funds.

Benefit Funds defined in section 1(1) of the Income Tax Act:
Friendly societies and Medical Aid Schemes

S10(1)(d)(i)-(ii)

Any registered Body Corporate and Share Block Company in relation to the levies received or accrued:

This exemption is applicable to the levies income and other receipts and accruals to the extent that they do not exceed R50,000 per annum, and is automatically available upon selection of the relevant entity type (e.g. Body Corporate or Share Block Company) on submission of an annual ITR14 return. Only entities duly registered under the Sectional Title Schemes Management Act and the Share Blocks Control Act may make this election in their annual returns.

* Partial taxation rules apply 

S10(1)(e)(i)(aa)-(bb)

The entities listed under Section 10(1)(t):

CSIR, SAIDC, SANRAL, ARMSCOR (incl. wholly owned subsidiaries), traditional councils, water service providers, DBSA, compensation funds, reserve funds, licenced mutual associations, NHFC

S10(1)(t)

Political Parties

All political parties registered with the Independent Electoral Commission in terms of section 15 of the Electoral Commission Act, 1996 (Act No. 51 of 1996).

S10(1)(cE)