Tax benefits
Tax benefits for Italian tax residents/individuals
Thanks to the tax benefits (for individuals) provided in our country, liberal donations made to Still I Rise A.P.S. through traceable payment systems are:
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- deductible from Irpef for 30% of the amount, up to a maximum limit of € 30,000 per tax period
- deductible from the payer’s income up to the limit of 10% of declared income (for companies and individuals, the excess can be carried forward up to the following 4th year).
Tax benefits for Italian residents (companies)
Tax benefits for corporate donations can be of different types. Companies can deduct the amount donated without an absolute limit but within 10% of total declared income. In addition, again within the 10% limit, if the deduction exceeds the value of total declared income net of other deductions, the portion of the deduction not enjoyed can be carried forward in subsequent returns, up to the fourth subsequent tax period (example, a donation made in 2018 can be discounted even up to 2023).