Tax Benefit for Donors

The tax benefit for a person making donations to non-profit entities can be, at the choice of the taxpayer:

1. deductible up to a maximum limit of 10% of the total declared income, according to article 83, c 2, Legislative Decree 117/17. If the amount to be deducted is greater than the total declared income decreased by other deductions, the excess can be calculated in subsequent years up to the 4th (Article 83, paragraph 2, D.L. 117, 3 July 2017).

2. deductible from the gross tax, of 30% calculated on the maximum limit of 30,000 euros, according to art. 83, paragraph 1, Legislative Decree 117/17

3. only for voluntary organizations (ODV) the deduction, from the gross tax, of 35% calculated on the maximum limit of 30,000 euros, according to art. 83, c 1, Legislative Decree 117/17

4. deductible from the gross tax, of 26% calculated on the maximum limit of 30,000 euros, according to art. 15, paragraph 1, D.P.R. 917/1986

The benefits are alternative and cannot be combined with each other. These payments must be made by postal or bank transfer, or by debit cards, credit cards, cards prepaid, bank and cashier's checks. For donations made by credit card it is sufficient to keep and exhibit, collect any request from the financial administration, of the bank statement of the company that manages the credit card.

 

The tax benefit for a Company making donations to non-profit entities can be, at the choice of the taxpayer:

1. deductible up to a maximum limit of 10% of the total declared income, according to article 83, c 2, Legislative Decree 117/17. If the amount to be deducted is greater than the total declared income decreased by other deductions, the excess can be calculated in subsequent years up to the 4th (Article 83, paragraph 2, D.L. 117, 3 July 2017).

OR

2. deductible from the IRES taxable income of 2% of the declared business income or of a maximum amount of 30,000 euros, according to art. 100, paragraph 2, letter h, D.P.R. 917/1986

The benefits are alternative and cannot be combined with each other. These payments must be made by postal or bank transfer, or by debit cards, credit cards, cards prepaid, bank and cashier's checks. For donations made by credit card it is it is sufficient to keep and exhibit, collect any request from the financial administration, of the bank statement of the company that manages the credit card.

 

Tax-Efficient Giving in Europe

Thanks to Transnational Giving Europe (TGE), donors in various European countries are able to make tax-efficient gifts to The British School of Milan. The TGE network enables donors, both corporations and individuals, residing in one of the participating countries (to financially support non-profit organisations in other member countries, while benefiting directly from the tax advantages provided for in the legislation of their country of residence.