Tax Benefits
Associazione Comunità Papa Giovanni XXIII operates not only in Italy, but also in other European countries (such as Albania, Croatia, France, Kosovo, Netherlands, Romania, Russia and Spain), in Africa (Kenya, Tanzania, Uganda and Zambia), in Asia (Bangladesh, China, Georgia, India, Israel/Palestine and Sri Lanka), in South America (Argentina, Bolivia, Brazil, Chile, Colombia and Venezuela) and in Australia.
Currently donations to Associazione Comunità Papa Giovanni XXIII are tax deductible only in Italy (see below Italian tax deduction regulation).
Within 2012 we will extend tax benefits to donors from Australia and Spain (specific tax deduction regulations will soon be published).
For further assistance on the matter please contact us at infoapg23@apg23.org.
Tax Benefits in Italy
All donations made to "A meal a day" are tax deductible. Here's how to gain your tax benefits granted by law.
The Associazione Comunità Papa Giovanni XXIII is Non-profit organisation for social utility, according to the Legislative Decree No. 460/97 engaged in social welfare services. By law, private individuals or business entities who wish to make a donation to a project carried out by an Non-profit organisation for social utility, like the project "A meal a day" are able to take advantage of the various tax options for maximum benefits, depending on the legislation pertaining to type of donation made.
In particular, private individuals may:
- make a tax deduction of the donated amount from their income for an amount not exceeding 10% of the total declared income, and up to a maximum of €70,000 per year (Article 14, paragraph 1 of Decree 35/05, converted to Law N° 80, 14/05/2005);
- detract 19% of the donated amount from the gross tax amount, up to a maximum of €2,065.83 (Article 15, paragraph 1, letter i-bis of the Presidential Decree 917/86).
With regard to companies and entities subject to corporate income tax (IRES):
- a tax deduction can be made from the corporate income declared, for the donated amount to Associazione Comunità Papa Giovanni XXIII, not exceeding 10% of the total income and up to a maximum of €70,000 per year (Article 14, paragraph 1 of Decree 35/05 converted to Law N° 80, 14/05/2005);
- the maximum deductible amount, or € 70,000 can be exceeded according to the previous legislation (Article 100, paragraph 2, letter h of the Presidential Decree 917/86), which allows businesses subject to IRES to deduct donations made to Associazione Comunità Papa Giovanni XXIII for an amount not exceeding 2% of their total declared corporate income.
IMPORTANT: In order to qualify for the tax benefits granted by law, it is necessary to keep all the relevant paperwork pertaining to your donation, namely:
- The receipt of payment in case of a donation made by postal order;
- Accounting or bank statements, in the case of a bank transfer or RID;
- The credit card statement issued by the credit card operator.
For further information, contact the Fundraising Office on +39 (0) 543 404 693.