TAX DEDUCTIONS Personal Donations Corporate Donations

TAX DEDUCTIONS
SYRIA.ART is a recognised (law 1901), general-interest association focused on promoting
Contemporary Syrian Art. As such, the funds received by the association benefit from the
sponsorship law dated 1 August 2003.
Personal Donations
Benefits of personal donation to an association: taxation! Besides the moral advantages, to make
a donation to an association carries significant tax advantages:
Tax deduction
on income tax
Tax deduction on solidarity
and wealth tax
•
•
The donor receives a deduction on the IR amount.
It is equal to 66% of the value of the donation, within the limit of
20% of taxable income.
•
Donors subject to wealth tax, benefit from this deduction if the
donation is granted in favour of a non-profit association.
•
Under these conditions, the deduction is 75% of the value of the
donation, within the limit of € 50,000 per year.
Corporate Donations (Sponsorship)
Advantages of corporate sponsorship to an association: taxation! Besides the moral benefits,
corporate sponsorship in favour of an association carries significant tax advantages:
•
The law dated 1 August 2003 has enabled extensive corporate
sponsorship, and enables companies wishing to fund an association
to enjoy a company tax discount equalling 60% of their donation,
up to a maximum of 0.5% of total turnover.
•
•
•
€ 6,000 for a sponsorship of € 10,000
€ 12,000 for a sponsorship of € 20,000
€ 18,000 for a sponsorship of € 30,000
Various sponsorship options
may be offered to companies,
starting from 10,000 Euros
I.e. the following tax
deductions
SYRIA.ART - Association pour la Promotion de l'Art Contemporain Syrien
Association régie par la loi 1901, déclarée le 6 juillet 2016
(Insertion au JO le 16 juillet 2016, sous le numéro d'annonce : 55, et le numéro de parution : 20160029)