If you support any of the Kreatings crowdfunding campaigns, you can take advantage of important deductions in your donations to non-profit projects and entities. Those deductions reduce your taxable base, decreasing the amount of quota you will have to pay to the estate.
Natural persons can deduce 80% of the first 150€, and for higher amounts the deduction applied is 35%.
That means that if you donate, for instance, 200€, the first 150€ can be deduced up to 80%, and the following 50€ will have an applied deduction of 35%.
The difference with legal persons, is that the whole amount of donations will have an applied deduction of 35%, without taking into account the first 150€.
On the other hand, there are also recurring donations. Those are contributions of similar amounts during at least two years to an entity or organization. In that case, the percentage applied will be 40%.
Those deductions can only be reclaimed by the holders of the donation.
- Recurring donations 40%
- Deduction limit tax basis 10%
Have in mind that the deduction limit of the net tax base is 10%, that means if, for instance, your net tax base is 30.000€, and you have donated 5.000€ during the year, you will only be able to deduce 3.000€ (10% of 30.000€) taking the previous criteria in consideration, that means, 80% of the first 150€, and 35% of the 2.850€ remaining.
To obtain the net tax base, the deductions that belong to each taxpayer have to be applied.
Those reductions are applied to the taxable base, obtained as a result of adding the obtained yields during the tax period.