Tax Incentives of Patronage.
Tax treatment of donations to the ESADE Foundation.
The ESADE Foundation is a non-profit organisation protected by Law 49/2002, of 23rd December, on the tax treatment of non-profit organisations and the tax incentives of patronage.
In order to foster economic collaboration with the foundations protected by the aforementioned law, donations to entities of this sort are entitled to deductions on the income tax (for individual donors) or the business tax (for corporate donors).
1. Individual donors
Individual donors are entitled to reduce their income tax owed by 25% of the donated amount.
When calculating the deduction, individual donors must bear in mind that the deduction base – that is, the amount to which the factor of 25% is applied – must not exceed 10% of their taxable income.
2. Corporate donors
Corporate donors are entitled to reduce their business tax owed by 35% of the donated amount.
Amounts that are donated during the current fiscal year but not deduced because the size of the taxable income is not large enough may be applied to the tax returns corresponding to the next 10 fiscal years. Like individuals, corporate donors must bear in mind that the deduction base must not exceed 10% of the company’s taxable income for the corresponding fiscal year, although any amount exceeding this limit may be applied to the tax returns corresponding to the next 10 fiscal years.
Corporate Relations & Fundraising / Av. Pedralbes, 60-62 / 08034 Barcelona
