FAQ: Is it possible not to comply with the 50% distribution obligation?

Yes, only if the approval of the Commissioner has been obtained. The Commissioner may take into account the public interest and the purpose for which the relevant organisation wishes to accumulate the funds may, subject to conditions, waive the obligation to distribute any of the funds received by way of tax deductible donations. The discretion will not be relaxed for purposes of providing a general endowment or capital fund.

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