Together we can improve the quality of life of many people

Together we can improve the quality of life of many people

Supporting our Foundation allows you to benefit from the tax advantages reserved for donations to non-profit organizations. Remember, however, that your donation must be made through a traceable method : bank transfer, postal order, credit card or check.
This rule is established by Article 23 of Legislative Decree 9 July 1997, n. 241, subsequently taken up by Legislative Decree 117/2017 in Article 83, which defines the tax benefits for donations.

Tax Benefits for Individuals

Donating to a non-profit third sector organization allows you to obtain tax benefits.

  • As a natural person, you can deduct 30% of the donated amount from your gross income, up to a maximum amount of 30,000 euros for each year (pursuant to art. 83 paragraph 1 of Legislative Decree no. 117/2017)
  • Alternatively, you can choose to deduct your donation from your declared total income (pursuant to art. 83 paragraph 2 of Legislative Decree no. 117/2017). In this case, the deduction is limited to 10% of your total income .
Pneumologia - Chiesi Foundation

Tax Benefits for Businesses

For companies and entities subject to IRES, the donations to third sector organizations are:

  • Cash donations for an amount not exceeding 10% of the total declared income (Article 83, paragraph 2 of Legislative Decree 3 July 2017, n. 117) can be deducted from the total net income and any excess can be calculated in increase in the amount deductible from total income in subsequent tax periods, but not beyond the quarter, up to its amount.
  • Cash donations for an amount not exceeding 30,000 euros or 2% of the declared business income are deductible from income (Article 100, paragraph 2, letter h of Presidential Decree 917/86).

If the deduction is greater than the total declared income, less all deductions, the excess can be calculated as an increase in the amount
deductible from total income in subsequent tax periods, but not beyond the quarter, up to its amount.

Tax Benefits for Businesses

For companies and entities subject to IRES, the donations to third sector organizations are:

  • Cash donations for an amount not exceeding 10% of the total declared income (Article 83, paragraph 2 of Legislative Decree 3 July 2017, n. 117) can be deducted from the total net income and any excess can be calculated in increase in the amount deductible from total income in subsequent tax periods, but not beyond the quarter, up to its amount.
  • Cash donations for an amount not exceeding 30,000 euros or 2% of the declared business income are deductible from income (Article 100, paragraph 2, letter h of Presidential Decree 917/86).

If the deduction is greater than the total declared income, less all deductions, the excess can be calculated as an increase in the amount
deductible from total income in subsequent tax periods, but not beyond the quarter, up to its amount.

Neonatologia - Chiesi Foundation

How to deduct donations

In order to take advantage of tax benefits, it is essential that your donation is traceable. This means that you must use a payment method that leaves a trace, such as a bank transfer, a postal order, a check or a credit card. Always keep the documentation relating to your donation: receipts, bank statements, etc. You will need them for your tax return.

When making a bank transfer, it is important to include a clear and complete reason for payment. Indicate at least your residential address and your tax code. Your address will allow us to send you the donation certificate. Your tax code is required to be able to include your donation in the pre-filled tax return. You can also personalize the reason for payment by adding a message such as ” Contribution to support the activities… “. If you make a donation from a joint account, you must indicate in the reason for payment the name or tax code of the person who wishes to benefit from the tax benefits.

If you prefer that your tax code not be communicated to the Revenue Agency, you can exercise your right to object. You will find more information on the Revenue Agency website.

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