kcn:2023-11
Table of Contents
Non-Profits and Charities
An act of the National Assembly to define charitable organizations reduce the tax burden on such
Provisions
- Non-profits and charities do not pay sales or real property taxes
- Non-profits must be registered with the Ministry of Finance
- To maintain non-profit status, an organization must
- Donate more than one half of gross income to charitable causes
- may not claim a “donation” to a parent, sister, or related organization
- Have no more than one fourth of gross income go to salary and administrative costs
- Be non-political and non-partisan in nature
Authority
Nihil Obstat, High Court of Keithieopia
Imprimatur, ⊗ /HIH Keith/
Emperor of Keithieopia
25th Unomar 21 IY ⇔ January 25, 2023 HY
kcn/2023-11.txt · Last modified: 2024/03/25 16:50 by 127.0.0.1