The Simone Cesaretti Foundation as an ETS (Ente del Terzo Settore) takes advantage of the new provisions for Enti del Terzo Settore regarding the tax savings inherent in the receipt of donations.
Donating spontaneously to a Ente del Terzo Settore concretely contributes to the achievement of its social purposes and, at the same time, offers individuals and companies to enjoy tax benefits.
Tax deductions are applicable only and exclusively to disbursements made by Bank (wire transfer) or other payment methods according to Article 23 of DL 241/97. Benefits cannot be received for contributions made in cash, even with the issuance of a tax receipt issued by the Foundation.
Benefits for
private individuals
Individuals making donations to the Simone Cesaretti Foundation may avail themselves of the following options:
IRPEF deduction equal to 30% of cash donations up to euro 30,000.00
Deduction from income up to 10% of declared income with no upper limit in absolute value The choice between the two alternatives (deduction or deduction) depends on the donor's income level.
Benefits for
companies and associations
Donations of money and goods paid by companies or noncommercial entities are eligible for deductibility up to a maximum of 10 percent of the total declared income, with no upper limit in absolute value.
For further information, refer to Art 83, paragraph 2, DL 117/17