Tax benefits
Natural person
Donations in cash and in kind are deductible from gross tax at 30 percent of their amount up to a maximum of 30,000 euros for each tax period).
Alternatively, donations in cash or in kind are deductible up to 10 percent of the total declared income (Art. 83 paragraph 2 Legislative Decree 117/2017).
An enterprise
Donations in cash and in kind are deductible up to 10 percent of total declared income with removal of the limit imposed by previous legislation (70,000 euros/year).
If the deduction exceeds the declared net total income, the excess can be deducted until the fourth subsequent tax period.
We remind you to keep the receipt, postal or bank, Of your donation. For donations by bank or postal direct debit, credit card, wire transfer, and check, the bank statement serves as a receipt.
Reporting donations to the Internal Revenue Service
As a result of the February 3, 2021 decree of the Ministry of Economy and Finance, Third Sector Entities such as Metacometa APS are required to transmit to the Internal Revenue Service data on the previous year’s donations of each supporter.
The donor will find his or her donations, to be deducted or deducted, already included within the Precompiled Income Tax Return.
The legislation guarantees the donor the possibility to withhold consent to the transmission of donation data. To withhold consent you can send an email to sostenitori@metacometa.it writing in the subject line “Do not send donation data” and indicating the donor’s First and Last Name.
