TAX ADVANTAGES

TAX DEDUCTION AND DEDUCTION: HOW TO DO AND WHAT ARE THE TAX BENEFITS

Clarice Foundation is recognized as a Third Sector Entity (ETS). Therefore, all donations to our favor are tax deductible or deductible.

  • Deduct 30% of the donated amount, up to a maximum of 30,000 euros annually (Art. 83, paragraph 1 of
    Legislative Decree. 117/2017), from your total net income cash donations in an amount not
    exceeding 10 percent of your total declared income (Article 83, Paragraph 2 of Legislative Decree 117/2017);
  • Alternatively, deduct up to 2% of total income (Article 10, paragraph 1(g) of Presidential Decree 917/86),
    if applicable.

CORPORATE DONATIONS: THE BENEFITS FOR BUSINESSES

Businesses are also eligible for donation tax breaks:

  • Deduction up to 30,000 euros or 2% of declared business income (Art. 100, paragraph 2, subparagraph h of the
    PRESIDENTIAL DECREE 917/86);
  • Deduction from total net income of cash donations in an amount not exceeding
    10% of total declared income (Article 83, paragraph 2 of Legislative Decree 117/2017).

WHAT YOU NEED TO DO TO GET THE TAX BENEFIT

To enjoy the tax benefits:

  • Keep bank receipts, bank statements or postal slips;
  • Take the documentation to your CAF or accountant;
  • Check which relief is best for your tax situation.
  • Find out how to find summary of donations made to Save the Children.

Remember: tax breaks cannot be combined with each other. Cash donations do not fall under any
facilitation.