Public Benefit Organizations definition

Public Benefit Organizations means organisations registered as PBO in terms of section 30 of the Income Tax Act. The MPRA Ratio regulations apply only to those PBOs who provide the type of services outlined in items 1, 2 & 3 of Part 1 of the Ninth Schedule of the Act, i.e. Welfare and Humanitarian Services, Health Care Services and Educational and Development Services;
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Public Benefit Organizations means any organization undertaking humanitarian projects or initiatives within the County including but not limited to international humanitarian bodies, Non-Governmental Organizations, Community Based Organizations, societies, foundations, trusts and such other organizations;
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Examples of Public Benefit Organizations in a sentence

  • Taking into account the effects of rates on PBOs performing a specific public benefit activity and if registered in terms of the Income Tax Act, 1962 (No 58 of 1962) for tax reduction because of those activities, Public Benefit Organizations may apply for the exemption of property rates.

  • A separate body, the Commission of Public Benefit Organizations, decides on granting the status of public benefit (Article 76).

  • In addition, Hungarian legislation enables associations, foundations, and nonprofit companies to qualify as "Public Benefit Organizations," or PBOs. PBO status is currently regulated by Chapter VII of Act CLXXV/2011.

  • REDUCED FEE (75% DISCOUNT) • All Public Benefit Organizations presenting permanent recreation/social/sport activities to the community from Monday to Thursday free of charge.

  • Taking into account the effects of rates on Public Benefit Organizations performing a specific public benefit activity and registered in terms of the Income Tax Act for tax reduction because of those activities, it is proposed that the following specified public benefits activities be exempted from rating.• Welfare and humanitarian, for example PBOs providing disaster relief.

  • NPOs also qualify for exemptions from other taxes, including Real Estate Tax, Urban Land Use Tax, and Tax on Acquisition of Real Estate.Stock donations for charitable purposes are also eligible for tax deductions (Notice on Questions Concerning Corporate Tax on Equities Donations to Public Benefit Organizations, 2016).

  • The most recent division was based on UNIDO and ESALIA guide lines 1993 and included in Sudanese standardGrading: firsts, seconds, thirds and reject.

  • There are various types of not-for-profit organizations (“NPOs”): • Non-Governmental Organizations (NGOs) (soon to be Public Benefit Organizations (PBOs)).• Companies Limited by Guarantee;• Societies; and• Trusts.Other not-for-profit legal forms, which are outside the scope of this Note due to their limited interaction with U.S. grant makers, include churches, political parties, and trade unions.

  • PBOs A significant change with regard to the legal framework for NGOs has come in the form of the Public Benefit Organizations Act 2013 (“PBO Act”), which upon commencement will repeal the Non-Governmental Organizations Coordination Act (“NGO Act”).

  • Public Benefit Organizations (PBOs)A PBO can undertake economic activities only if the activities help fulfill its statutory goals (PBA Law Article 20(4)).

Related to Public Benefit Organizations

  • Non-profit organization means: (1) a governmental entity of the state of California; or (2) a legal entity that is tax exempt under Internal Revenue Code section 501(c)(3) and California Revenue and Taxation Code section 23701d.

  • Labor organization means any organization of any kind, or any agency or employee representation committee or plan, in which employees participate and that exists for the purpose, in whole or in part, of dealing with employers concerning grievances, labor disputes, wages, rates of pay, hours of employment, or conditions of work.

  • Metropolitan planning organization means the same as that term is defined in Section 72-1-208.5.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).