also sprach Stefano Rivera <stefanor@debian.org> [2015-07-03 03:29 +0200]:
> > - We will incorporate a for-profit corporation (PBO is impossible, and
> > even NPO is just too difficult). I'll call it DC16(Pty)Ltd here, but
> > final name TBD.
>
> I don't think that we've established that an NPO is too difficult yet.
> We need some advice on how much complexity this would add. Presumably it
> would make SPI and our sponsors' lives easier, if we were an NPO.
I don't think regular, commercial sponsors will care. It'd allow you
to receive donations, presumably tax-free, but companies won't be
making those.
The problems we've had for DC15 going with a NPO is that we're very
limited on the way we're allowed to spend money. For instance,
a conference dinner for conference attendees is not really
considered to be "in public interest" (while the conference is), and
so we're forced to jump through hoops.
> > - DC16(Pty)Ltd will register for VAT, and pay 14% VAT on all
> > sponsorships it receives from local companies.
>
> And fees from local attendees choosing to pay a fee (attendance is
> free). International attendees would probably pay SPI/FFIS for
> their accommadation/fees.
Depends on how we organise it and where we want the money. Going via
SPI/FFIS means your dependent on their reporting to know who paid,
which is not real-time at best.
Also, check whether such fees incur VAT. In Germany, conference fees
are VAT exempt if they are primarily used to cover the expenses of
the conference.
> I think UCT's accom would be VAT free, as they're an exempt
> educational institution, and non-holiday accommodation is VAT
> exempt.
See my other message: in this case, we won't be claiming any VAT
against those expenses and it'll be even more important that (a) we
charge VAT onwards to sponsors, and (b) research alternative means.
--
.''`. martin f. krafft <madduck@d.o> @martinkrafft
: :' : proud Debian developer
`. `'` http://people.debian.org/~madduck
`- Debian - when you have better things to do than fixing systems
"no woman should ever be quite accurate about her age.
it looks so calculating."
-- oscar wilde
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