Companies: limits on charitable deductions expenses

Businesses in favor of charity. Thanks to the deduction from the business income of the non-profit organization and donations made to charities, resources, aimed at meeting the food, energy and health of disadvantaged people, will in fact be traced between the charitable activities of their non-profit organizations profit.

According to the technicians of the Treasury, in fact, to qualify for the deduction from the business income of cash donations, for an amount not exceeding € 2,065.83 or 2 per cent of business income declared in favor of the non-profit organization, is necessary for the recipient of the sums it has the status of non-profit organization.

The requirements deductible from business income the sums are freely given in favor of political parties and movements between € 51.65 and € 103,291.38, the sums of money paid voluntarily for the benefit of amateur sports associations for an amount not exceeding € 1,500.00, disbursements in cash or in kind to charitable organizations engaged in study, research, and activities relevant artistic or cultural value, and membership fees of up to € 1,291.14 paid by members, for themselves and not for family members of mutual aid societies.

31/10/2008

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Translated via software

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Source:

Italian version of ReteArchitetti.it