Corporate Social Responsability
Taxation (Law 49/2002)
For monetary or non-monetary donations (measured in book value), companies are entitled to a deduction of 35% on the full amount of Corporation Tax, with a limit of 10% of the tax base. When a cooperation agreement is signed, the amount donated is considered a deductible expense in full, with the possibility of deducting the costs incurred in the partnership. If you wish to participate in Asha-Kiran’s Social Responsibility Fund, need further information or have any queries, you may contact us at:FUNDACIÓN ASHA-KIRAN
Avda. de Córdoba 21, 2º
91 392 06 88
The following information refers specifically to the Spanish tax system. Check your country's regulations on tax deductions applicable to donations to non-profit organizations.
The deduction to be included in the taxpayer's share is 25% of the total amount of the donation, in accordance with the limit established by law in Article 56.1 of Law 40/1998 for taxpayers and other Contribution Regulations (Article 19 of Law 40/2002 of December 23, "Taxation of non-profit entities and tax incentives for Sponsorship"), subject to the tax regimes of the Basque Country and Navarra, Spain.
The deduction to be included in the tax Organizations share is 35% of the total amount of the donation, never exceeding 10% of the tax base. Amounts exceeding this limit can be applied to fiscal years ending in the following 10 successive years (Article 20 of Law 49/2002 of December 23, “Taxation of non-profit organizations and tax incentives for sponsorship”), subject to the tax regimes of the Basque Country and Navarra, Spain.