Tax-deductible contribution
Charitable Donation
Your company makes a donation to the Foundation and deducts it in full from business income, within the limits set by law. An investment in the cultural life of the territory that the State actively incentivises.
Pursuant to art. 83, paragraph 2, D.Lgs. 117/2017 (Third Sector Code), cash charitable donations made by entities and businesses to Third Sector Organisations registered with the RUNTS are deductible from business income up to a limit of 10% of declared income.
Alternatively, pursuant to art. 100, paragraph 2, lett. h), of the TUIR, charitable donations to non-profit entities with educational and research purposes are deductible up to a limit of 2% of declared business income. The taxpayer applies whichever regime is more favourable.
The deduction reduces the taxable base for IRES purposes (24% rate). For choosing the most advantageous regime and for correct accounting documentation, we recommend consulting your accountant or tax adviser.
Requirements for deductibility
- Payment must be made via traceable instruments (bank transfer, cheque, company credit card). Cash is not permitted.
- The Foundation must be registered with the RUNTS — National Single Register of the Third Sector (Fondazione Innovation Bridge ETS: ref. 1046888, 27/08/2024).
- Retain the payment receipt and documentation confirming the nature of the beneficiary organisation.
- Record the transaction correctly in the company's accounting records with an appropriate description.
Bank details
Fondazione Innovation Bridge ETS
Tax Code 92096770604
Reference: Charitable donation — [company name]
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