Tax benefits

COSPE is an NGO (non-governmental organisation) conform to the law n. 125/2014, and an ONLUS (non-profit organisation of social utility) conform to the law n. 460/97.

All donations are fiscally deductible if done through bank transfers, postal account payments, cashier or bank checks made payable to COSPE Onlus bearing the “non-transferable” clause, credit cards, including pre-paid credit cards. Are excluded from tax benefits cash donations(these are not traceable).

The in-detail benefits for donations by INDIVIDUALS

[Tax treatment – updated: July 2016 – rif. 2016/07/pf]

As an individual, you can profit – at the time of tax returns – of one of the 3 types of benefits provided for by current regulation.

You can chose only one benefit between:

• deduction, of the figure subject to taxation, up to 10% of the income declared and up to 70 000 EUR/year (Ref.: art. 14 of Decree Law n. 35/2005 converted from law n. 80/2005);
• deduction, of the figure subject to taxation, up to 2% of the income declared (Rif.: art. 10, coma 2, letter g) d.P.R. 917/86 dedicated to the tax treatment of the donation directed at the NGOs recognised by the Ministry of Foreign Affairs);
• allowance, on the gross income tax, at 26% of the donation carried-out in the course of 2014 and the successive years, and up to 30 000 EUR/anno (Rif.: art. 15, coma 1.1, d.P.R. 971/86, L 190/2014).

The tax benefits may not be cumulate.

For fiscal benefits, it is necessary to preserve:

• the receipt of the payment, in the case of a postal donation;
• the account statement of the credit card, in the case of credit card donations;
• the account statement of the current account (bank or post), in the case of continued transfers or donations (SEPA).

Are also provided benefits for businesses.

Frequently asked questions:

I will automatically receive a letter which attests of my donations to COSPE? We only send letters for donations made by check or SDD. In all other cases the account statements of the bank, of the credit card or the receipt from the postal office are sufficient to enjoy the tax benefits. In the case of necessity it is possible to ask for a receipt from our fund raising office at the email address raccolta.fondi@cospe.org.

The cash donations are deductable? No, the cash donations do not obtain tax benefits

I have a joint current account: what happens if I make a donation? The donations made out from a joint current account, except indicated differently at the moment of the operation, it is understood to have been carried out by both the registered holders.