Tax benefits from donation
6 March 2019 | Michał
The end of the calendar year is near. As every December, we are often ask about the possibility to deduct a donation from income tax. We decided to publish a brief instruction that will assist settlement with the Tax Office.
Regarding natural persons:
Each donation to our Foundation can be deducted from tax. Tax base can be subject to deduction of donation to the amount not higher than 6% of the obtained income. If the donation was made in financial form, it should be documented by proof of payment to the account of our Foundation. It can be e.g. a transfer confirmation. In the case of donation in kind or services, it is a document confirming such a donation and documents confirming actual expenditures related to the donation.
Regarding legal persons (companies):
In the case of companies, tax base can be subject to deduction of donations to the amount not higher than 10% of the obtained income. Similarly as in the case of natural persons, it should also be documented by proof of payment to the bank account of our Foundation.
Does the donation agreement always have to be in writing?
Not always. As mentioned before, sometimes the written form of the agreement is required by legal provisions (e.g. notarial deed or donated building), or is necessary for one of the parties of the agreement (e.g. an organisation received a car from a company, and needs a written agreement confirming the received donation to register it). Concluding a written agreement on donation between the Donator and organisation is often not obligatory. For example, for a Donator donating money and interested in a tax deduction, proof of bank transfer confirming financial donation is sufficient, and in the case of donation in kind – a document confirming the donation and a document confirming actual expenditures related to the donation.
Donations for the construction of the Hospice Home can be sent to the following bank account:
Fundacja Z serca dla serca
Ul. św. Jana Pawła II 7
37-415 Kępie Zaleszańskie
09 2030 0045 1110 0000 0322 0440
Darowizna na budowe hospicjum
Thank you for your every gesture!