A Section 12J tax certificate can only be issued by a registered Venture Capital Company registered with SARS.
An investor into a Venture Capital Company, whether an individual, trust or company, is entitled to a tax benefit of 100% of the investment made into the Venture Capital Company. Once the funds have been received by the Venture Capital Company, it will issue will issue a Section 12J tax certificate.
The Section 12J certificate will include all the information required by SARS.
The Section 12J certificate should be filed away together with all other tax certificates in a safe and accessabile place, as SARS are entitled to request proof of the Section 12J certificate if required by them.
Grovest’s managed funds will issue Section 12J certificates to shareholders within 6 weeks of issuing of Share Certificates.