All donations to Frame Project enjoy tax benefits, you only need to choose whether you want to deduct or detract the amount donated. Being Frame Project a voluntary organization, the private individual or company willing to make a donation can freely decide the tax treatment to benefit from.
Are you a natural person?According to the regulations applied to donations made to voluntary organizations,you have two possibilities. Choose if you want to:
- detract from the gross tax 26% of the donated amount, up to a maximum of 30000,00€ (Art.15, paragraph 1, letter i-bis of Presidential Decree 917/86);
- deduct from your income donations, in cash or in kind, for an amount not exceeding 10% of the total declared income and, in any case, up to a maximum of 70000,00 € per year (Law Decree 35/05 converted into Law no. 80 of 14/05/2005).
If you do not know which is the most suitable solution for you, please contact your trusted consultant or your CAF (Tax Assistance Centre) and do not forget to keep:
- the receipt for payment, in case of donation by post;
- the credit card statement, in case of donations by credit card;
- your bank or postal account statement, in case of bank transfer or Direct Debit Payment.
However, remember that cash donations do not enjoy any tax relief. If you need further information, please write an e-mail.
If you are a business, you have two possibilities. You can:
- deduct from your income donations for an amount not exceeding 30000,00 € or 2% of your declared business income (Art.100, paragraph 2, letter h of Presidential Decree 917/86);
- deduct from income donations, in cash or in kind, for an amount not exceeding 10% of the total declared income and, in any case, for a maximum of 70000,00 € per year (Art. 14, paragraph 1 of Law Decree 35/05 converted into Law no. 80 of 14/05/2005).