Tax benefits

Beneficios fiscales

In Spain, individuals can deduct from their personal income tax 75 percent of donations up to 150 euros and 30 percent for larger amounts.

The latest reform of this law established a more advantageous regime when there is loyalty to the beneficiary entity. This 30 percent percentage grows to 35 percent if in the two previous tax periods donations were made to the same entity for equal or higher amounts as the previous year.

Donors will be entitled to deduct 35 percent of the donated amount from Corporate Taxes.

There is also a more advantageous loyalty scheme. The 35 percent quoted will be 40 percent if in the two previous tax periods donations were made to the same entity for an amount equal to or higher than the previous year.

The Foundation will issue the corresponding certificate so that the donor can benefit from these tax deductions.