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AZIONE FAMIGLIE NUOVE
you can contact your country’s coordinator:TAX BENEFITS
Donations to AFN make it possible to enjoy tax benefits. The individual or business making a donation can freely decide on the tax treatment to benefit from, depending on their tax profile.
We always advise you to consult your trusted advisor or accountant to verify the most advantageous option. It is necessary to keep documents related to donations.
DEDUCTIONS| For donations in cash or in kind in favor of the ONLUS, a deduction of 30% is granted for a total amount in each tax period not exceeding €30,000. Liberal donations to AFN allows you to take advantage of tax benefits according to specific regulations in individual countries.
Donations are deductible for individuals as an alternative. The individual taxpayer may choose to deduct donations up to a limit of 10% of the declared gross income.
COMPANIES AND ENTITIES SUBJECT TO IRES
TAX DEDUCTIONS | For companies and entities subject to IRES, cash donations made to noncommercial third sector entities are deductible from the donor's total net income up to a limit of 10% of the total declared income.
If the deduction exceeds the total declared income, reduced from all deductions, the excess may be counted as an increase in the amount deductible from total income in subsequent tax periods, but not beyond the fourth, up to the amount of the excess.
Donations must be made through traceable payment instruments such as bank or postal transfers, credit cards, prepaid cards, bank and bank drafts, or in accordance with other suitable ways to enable the tax authorities to carry out effective controls that may be established by decree of the Ministry of Finance. Cash donations are not covered by any relief.
To take advantage of tax benefits, in addition to the summary of donations made during the year, you will need to keep:
- the payment receipt in the case of donation by postal bulletin;
- copy of the account in the case of bank transfer;
- photocopy of the bank check;
- your credit card statement, for donations by credit card;
- your bank account statement (bank or postal account), in case automatically debited to your bank account.
For more information, you can contact your country’s coordinator: Luxembourg – Jil Streber email@example.com | Ireland – Hilda & Brendan Boyle firstname.lastname@example.org | USA – Joe Klock email@example.com | Great Britain – Julian Hodgson firstname.lastname@example.org | Malta – Therese Aquilina email@example.com