Modifications about tax incentives for donations

As a result of changes in the law 49/2002, contributions and donations done by individuals and entities to GLOBART will be entitled to greater tax incentives.

Individuals:

From 2016:

Deduction of 75% for the first 150 euros donated. Contributions above this first tranche will be deductible at 30% and up to 35% for regular donations for at least three years for an equal amount or higher.

In 2015:

The corresponding deductions are 50%, 27.5% and 32.5%. The deduction has a limit of 10% of the taxable income of the tax.

Legal entities:

From 2016 including:

Deduction of 35% and up to 40% for regular donations for at least three years for an equal amount or higher.

In 2015: The corresponding deductions are 35% and 37.5%. The deduction has a limit of 10% of the taxable income of the tax.