Best practices are used to maintain quality as an alternative to mandatory legislated standards and can be based on self-assessment or benchmarking. Best practice is a feature of accredited management standards such as ISO 9000 and ISO 14001.
Definition of monetary. : of or relating to money or to the mechanisms by which it is supplied to and circulates in the economy a crime committed for monetary gain a government's monetary policy.
In South Africa we are subject to donations tax, so giving your money away may create a tax liability. Even giving gifts of investments may create a fair bit of paperwork. However, some gifts or donations may be tax free.onations tax in South Africa means that giving away your money does not necessarily exempt you from tax. Even giving investments as gifts can attract donations tax.