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House passes Charities Act
2013-10-30 09:18:48 | (0 Comments)
The House of Representatives has passed a bill to introduce regulations for charitable organisations and for the establishment of legal and institutional framework to govern these entities.
The Charities Act stipulates the designation of a person or body as the Charities Authority, which is responsible for maintaining a register of all registered charitable organisations.
The Act also sets out a definition for charitable organisations.
The registrar, among other things, is charged with taking steps to ensure that charitable organisations are not misused for criminal purposes.
The bill requires persons desirous of obtaining relief under specified acts such as the Income Tax Act, the GCT Act, and the Property Tax Act must apply to the authority for charitable status.
After receiving an application for registration, the authority is required to forward a copy to the Tax Administration Jamaica, and may invite comments from public bodies on whether the applicant should be accorded charitable organisation status.
The commissioner general has 14 days from the receipt of the application to indicate whether he objects to the registration of the charitable organisation.
The bill further states that the authority, before designating an entity as a charitable organisation, must satisfy itself that each member of the governing board of the organisation is of sound integrity.
The authority must also be satisfied that the entity is established for a charitable purpose exclusively and that it either operates or intends to operate for the public benefit.
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Source: The Gleaner/Power 106 News
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