Tax deductions

Tax deductions

For individuals


66

%

Income tax (IR)

of the amount of your donation are deductible from your income tax within the limit of 20% of your taxable income. Any surplus can be carried over to the following 5 years. (Article 200 of the general tax code). The donation must have been made between January 1 and December 31 of the year preceding your declaration.

Amount of your donation

Deduction from your IR (66%)

Actual cost of your donation

50 €

33 €

17 €

100 €

66 €

34 €

150 €

99 €

51 €

1000 €

660 €

340 €

75

%

Real estate wealth tax (IFI)

of the amount of your donation are deductible from your real estate wealth tax within the limit of €50,000. The declaration is made at the same time as your declaration of income. Your donation must have been made between the day after the deadline for the declaration of the previous year until the day of the declaration of the current year. (Article 978 of the general tax code).

Amount of your IFI

Amount of your donation

IFI deduction (75%)

IFI amount after donation

Actual cost of your donation

600 €

800 €

600 €

0 €

200 €

€1,500

€2,000

€1,500

0 €

500 €

€7,500

€10,000

€7,500

0 €

€2,500

€49,500

€66,000

€49,500

0 €

€16,500

For companies


60

%

Corporation tax (IS)

of the amount of your donation are deductible from your corporation tax within the limit of €20,000 or 0.5% of turnover. (Article 238 bis of the general tax code). Any surplus can be carried over to the following 5 years. Beyond 2 million euros of donations the deduction rate is 40 %.

Amount of your donation

Deduction of your IS (60%)

Actual cost of your donation

€1,000

600 €

400 €

€10,000

€6,000

€4,000

€50,000

€30,000

€20,000

€100,000

€60,000

€40,000