Tax Benefits
A common purpose
TAX BENEFITS FOR THOSE WHO DONATE
Donations to the International Diplomatic Institute enjoy tax benefits. The donated amounts can be deducted from personal income tax or deducted from income.
If the donor is a natural person, one can indiscriminately choose whether:
- deduct the amount donated from the gross tax to the extent of 26%, up to a maximum of Euro 30,000.00 (Stability Law for 2015 n.190 of 23.12.2014, published in the Official Gazette on 29.12.2014);
- deduct from the income the amount of the donation, for an amount not exceeding 10% of the total declared income and, in any case, to the maximum extent of Euro 70,000.00 per year (art.14 Law Decree 35/05 converted into Law n.80 of 14.05.2005).
If the donor is a legal person, the company can only deduct from the income:
- the amount of the donation for an amount not exceeding Euro 30,000.00 or 2% of the declared business income (Stability Law for 2015 n.190 of 23.12.2014, published in the Official Gazette on 29.12.2014);
- the amount of the donation for an amount not exceeding 10% of the total declared income and, in any case, to the maximum extent of Euro 70,000.00 per year (art.14 Law Decree 35/05 converted into Law n.80 of 14.05.2005) .
To enjoy the tax benefits, the donor will have to pay the sums by bank or postal payment, or in any case through the other traceable payment systems (debit cards, credit cards, prepaid cards, etc …).
Cash donations do not enjoy any discounts.
The name of the beneficiary must include the correct wording of the non-profit organization, INTERNATIONAL DIPLOMATIC INSTITUTE.
It is essential to keep the receipt of the payment in which the payment method used is indicated.
To allow the Institute to be able to send it, it is necessary to indicate a valid email address in the bank transfer or postal order. Alternatively, request the receipt for tax benefits from our secretariat: segreteria@idi-international.org
Privileged condition for those left to non-profit organizations.
The law provides that testamentary left-overs in favor of Italian non-profit organizations and European Union countries are not subject to inheritance or donation tax, nor to mortgage and cadastral tax. Their value is therefore entirely used by the International Diplomatic Institute in support of projects and initiatives.
