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INSURANCE
The short term insurance industry is fast recognising the effectiveness of the CAP model in significantly reducing loss associated with crime. The VP CAP Committee is currently in negotiations with a well known brokerage to offer discounted rates to home and business owners in the demarcated VP CAP area. In addition to the discount that you will be getting the brokerage will pass on a pre determined percentage to VP CAP. If residents take up this offer, not only will they each benefit financially from a reduction in the rates that they are paying on insurance but they will also be contributing in a further meaningful way to the survival and on-going viability of VP CAP and consequently to their own safety and standard of living.
TAX DEDUCTABILITY
VP CAP, in its capacity as a section 21 company has received section 18A tax status. This means that the Receiver of Revenue has recognized VP CAP as a Public Benefit organization (PBO) and has granted our residents certain tax exemptions.
Contributions that you have made to VP CAP from 1 March 2008 will be tax deductible. This means that you may claim back a portion of your contribution from the Receiver of Revenue.
In order to claim the deduction VP CAP will issue you with a tax certificate on an annual basis, which you must submit with your tax returns thereby claiming a tax deduction on your VP CAP contribution for that year.
For any contributions to VP CAP after 1 March 2008 please call Michael Block 082 770 6587 to request a tax certificate, which will be issued to you after 28th February 2009. This will be for the whole tax year’s contributions and will be issued on an annual basis.
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Control Room Number
086 18 000 18 |
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Quemic Security |
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