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The tax bill clarifies the scope of the so-called "more give less pay" (Dl 35/2015) until the end of 2017 as well as the tax benefits that will be triggered starting from 1 January 2018.
For those who donate within the current year, Article 14 of Dl 35/2005 will continue to apply. Therefore, in the case of a liberal donation made by a natural person or an Ires subject, there will be the possibility of deducting the amount donated, both in cash and in kind, in favour of Onlus and Aps, as well as foundations or associations recognised as cultural or scientific by the Prime Ministerial Decree of 12 October 2016, to which we belong.
To make the deductions/deductions, the accountant, the CAF or the Patronato will provide directly in a manner suitable for its application and in compliance with the provisions issued, delivering the liberal donation form to the Onlus that we provide you at the time of the donation.
Deduction and deduction
The deduction is the sum that, once the taxes to be paid have been calculated, can be subtracted from them. The deduction is the sum that can be subtracted from the income on which the taxes are then calculated. While the deduction is fixed, regardless of the donor's income, the deduction, acting on the income itself, due to the progressive taxation in force, is greater the greater the donor's income: at a minimum it is equal to 23% (first rate bracket) at a maximum of 43% (fifth bracket). Warning: some incomes are very low, such that they do not give rise to taxation, with the consequent cancellation of all the effects of deduction-deduction.
It is however possible to donate sums exceeding the limits provided for, without obtaining further tax savings. Naturally, to benefit from the tax savings, it is necessary to present the declarations (form 730, Unico) in the manner provided for by law.
Method of donation The donor, in order to obtain a tax saving (from deduction or tax credit), must make the donation through a bank or postal current account, or with checks, debit cards, credit cards. Donations in cash do not allow the donor to benefit from any concessions. Possible sanctions and responsibilities It is not possible to deduct sums greater than what has actually been donated, and overall the different concessional regimes cannot be cumulated. In the event of undue deduction or tax credit, the sanctions provided for by the tax law are imposed - at the expense of the donor. In the “+ dai, - versi”, the sanction is tripled. In the case of non-profit organizations and the “+ dai, - versi”, if the organization has communicated false information to the donor regarding its qualification, the organization itself and its managers must contribute to the payment of the sanctions and interest jointly with the donor. ¤ Non-profit General term of a sociological nature that includes all entities belonging to the various legal-tax categories that have in common the characteristic of not having the maximization and distribution of profits as their objective.
Registers, Rolls, Anagraphs Lists of entities held by public authorities (local authorities, Revenue Agency) relating to organizations that meet certain requirements. What opportunities ONLUS LAW. By “Onlus Law” we mean the law that introduced the tax profile of non-profit organizations of social utility, which provides in Article 13 a series of tax exemptions for liberal donations made by individuals and IRES subjects (companies). Further on we will find the specifics of the law when talking about voluntary organizations and non-profit organizations in general.
THE MORE YOU GIVE, THE LESS YOU PAY One of the best-known laws in the non-profit sector has a curious name, “+ you give – you pay”, and refers to the fact that the greater the donation made, the lower the taxes that must be paid. Let's see why and under what conditions.
WHO DONATES The subjects who can apply the law are natural persons and IRES9 subjects, i.e. companies.
WHAT DONATES Donations subject to deductibility can be both those in money and those in kind, including among the latter donations of goods and - with some limitations - some services.
WHAT SAVINGS
The limit of deductibility amounts to 10% of the donors' income, up to a maximum of 70,000 euros; this means that a greater sum can be donated (or a good of greater value) but the deductibility is restricted to the lower of the two limits. For companies, it is possible to apply (alternatively and not in addition) the most favorable previous rule
CONDITIONS OF APPLICABILITY Deductibility is permitted • if the donation is made in cash: through an intermediary such as a bank or post office, or by means of debit cards, credit cards, bank transfers, cheques, postal current account in goods: if the value of the goods can be determined through price lists or similar or through an appraisal and if a receipt is issued by the organization containing the quantities and unit and total values of the goods • if the organization benefiting from the donation prepares analytical accounting (such as "double entry") and consequently draws up a balance sheet, economic and financial statement.