An NPC is a legal entity type that is registered with Companies and Intellectual Property Commission (CIPC). NPCs are not automatically exempt based on their altruistic and philanthropic objectives and activities.
Although the NPC is automatically registered for Income Tax at point of registration with CIPC, the entity must apply for Income Tax Exemption as a Public Benefit Organisation (PBO). SARS will review the application, and only upon the entity receiving an approval letter from SARS will it be deemed a PBO.
