Tax Benefits through Investment – Save an Arm and a Leg
Save your hard earned money by investing in venture capital in South Africa.
Do you want to
know with whom to invest and why, we, at Grovest have the right answers for you.
To make
your investment...
More
Tax Benefits through Investment – Save an Arm and a Leg
Save your hard earned money by investing in venture capital in South Africa.
Do you want to
know with whom to invest and why, we, at Grovest have the right answers for you.
To make
your investment secure and to avail maximum tax benefits, you will need the services of a
registered Venture Capital Company.
First of all you must realize the fact that venture capital
companies should be registered with SARS in order to be entitled to offer tax benefits to
investors as per the rules laid down in section 12 J Tax Benefits.
According to the rules of the Income Tax Act, an investor is entitled to 100% tax deduction of
the amount of investment made in venture capital from the income which is taxable for that
particular year in which the investment is made.
Individuals, trusts and companies fall under the
category of investors who are entitled to this tax benefit.
Investing with us makes sure that the
investment made is at least 60%
Less
