The Fondazione per i Beni Culturali Ebraici in Italia Onlus is among the non-profit organisations operating in the cultural heritage sector which may receive donations and gifts, while benefiting its donors through specific tax incentives.
THE FISCAL BENEFITS OF MAKING A DONATION
Making a free contribution, i.e. a donation, to a non-profit association like ours means you can benefit from certain fiscal advantages, which are available to both private individuals and companies alike.
HOW TO DEDUCT YOUR DONATION
In order to deduct your donations from your income, you must have a payment quittance (donation receipt), which certifies the amount paid to an NPO. Upon receiving a donation, our administration office will send you the required documentation.
HOW DONATIONS ARE TAX-DEDUCTIBLE
The new legislation increases the rate at which donations to NPOs and charities can be deducted. It was previously set at 19%, and has now been increased to 26% for the 2014 tax year, up to a maximum of € 2065 (for individuals) or up to 2% of the company’s declared income (Ref: art.100, section 2, lett. H) D.P.R. n° 917/86 of the Testo Unico delle Imposte sui Redditi [Taxes Consolidation Act]). Indeed, when you present your tax return, your taxable income may be reduced by detracting the amount donated in proportion to the rate applied. For donations to NPOs, the maximum deduction is calculated with a limit of 10% of the overall income declared, and in any case no more than € 70,000.
HOW TO MAKE A DONATION
Tax deductions are available on condition that the donations or gifts are made via bank transfer or cheques and banker’s drafts, or in any case via any other traceable means (therefore, donations made in cash are not tax deductible).
Fondazione per i beni culturali ebraici in Italia Onlus
BIC / SWIFT: BCITITMXXXX