Tax Reductions for Donations to Non-Profit Organizations in France
Original News Article:
Title: Les réductions d’impôts pour les dons aux associations Source: economie.gouv.fr Date: February 7, 2025, 11:42 AM
Article Summary:
The French Ministry of Economy and Finance has announced tax reductions for individuals and businesses making donations to non-profit organizations (NPOs). This measure aims to encourage financial support for organizations engaged in various charitable, cultural, and social causes.
Details of the Tax Reductions:
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Individuals:
- Individuals making donations to eligible NPOs can claim a tax deduction of up to 66% of the donation amount.
- The maximum deductible amount is 20% of the taxpayer’s taxable income.
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Businesses:
- Businesses can deduct up to 60% of their donations to NPOs from their taxable income.
- The maximum deductible amount is 10% of the business’s taxable income.
Eligible NPOs:
To qualify for the tax reductions, NPOs must meet the following criteria:
- Be recognized as a public interest organization by the French authorities.
- Be primarily engaged in charitable, cultural, or social activities.
- Use the donated funds for specific and approved projects.
Additional Information:
- The tax reductions are applicable to cash donations made to eligible NPOs from February 7, 2025, onward.
- In-kind donations, such as goods or services, are not eligible for the tax reductions.
- Individuals and businesses are responsible for providing proof of their donations to claim the tax deductions.
Significance of the Measure:
This measure is expected to significantly increase financial support for non-profit organizations in France. The tax reductions provide a strong incentive for individuals and businesses to make donations, which can help NPOs carry out their important work in the community. By encouraging charitable giving, this measure aims to foster a more supportive and engaged society.
Les réductions d’impôts pour les dons aux associations
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