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 .
Pulmonology - Chiesi Foundation

Tax Benefits for Businesses

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

  • Cash donations up to 10% of the declared total income are deductible from net total income (Article 83, paragraph 2 of Legislative Decree no. 117 of July 3, 2017). Any excess may be credited to the deductible amount in subsequent tax periods, but no later than the fourth, up to the amount of the deductible amount.
  • Cash donations up to €30,000 or 2% of declared business income are tax deductible (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 may be computed as an increase in the amount deductible from the total income in subsequent tax periods, but not beyond the fourth, 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 may be computed as an increase in the amount deductible from the total income in subsequent tax periods, but not beyond the fourth, up to its amount.

Neonatology - Chiesi Foundation

How to deduct donations

To take advantage of the tax breaks, it is essential that your donation is traceable. This means you must use a payment method that leaves a trace, such as a bank transfer, postal order, check, or credit card.

Always keep all 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. Please provide at least your residential address and tax code.

Your address will allow us to send you the donation confirmation. Your tax code is required to include your donation in the pre-filled tax return.

You can also customize 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 the name or tax code of the person wishing to benefit from the tax benefits in the reason for payment.

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.

Support our projects and improve the lives of thousands of
people.