In the case of a gift, an individual can deduct 1.25 times the donated amount from his or her income taxes. A gift of 1,000 Euros can therefore result in 1,250 Euro in income tax deductions. Different tax brackets make donations by individuals to cultural organizations even more appealing. In the 33% income tax bracket, tax benefits amount to 41.25%. As a result, a gift of 1,000 Euro would in effect cost the individual 587.50 Euro.In the 42% income tax bracket, tax benefits amount to 52.5%. As a result, a gift of 1,000 Euro would in effect cost the individual 475.00 Euro.In the 52% income tax bracket, tax benefits amount to 65%. As a result, a gift of 1,000 Euro would in effect cost the individual 350.00 Euro. With regard, to gifts that may be deducted at the rate of 125%, a maximum amount of 5,000 Euro per year applies.Gifts higher than this amount can still be fully deducted from income taxes (100%). Please note that one-time gifts are subject to a minimum and maximum value. Only the portion of the total gift that exceeds 1% of your aggregate income, with a minimum value of 500 Euro, may be deducted. In addition, the additional deduction only applies to gifts of up to 5,000 Euro per year or a maximum of 10% of the total income, whatever applies first.
With regard to corporate taxes, a deduction of 1.5 times the donated amount applies. Therefore, a gift of 1,000 Euro results in 1,500 Euro in corporate income tax deductions.Different tax brackets make corporate donations to cultural organizations even more appealing. In the 20% corporate income tax bracket, tax benefits amount to 30%. As a result, a gift of 1,000 Euro would in effect cost the corporation 700.00 Euro.In the 25% corporate income tax bracket, tax benefits amount to 37.5%. As a result, a gift of 1,000 Euro would in effect cost the corporation 625.00 Euro. There is no donation limit for businesses. Click here to calculate your taxes benefits for businesses.
You can donate via electronic transfer to our bank account. Stichting Marion von Tilzer FoundationNL49 INGB 0005 0602 10 Once you have made your bank transfer, please do not forget to email info@marionvontilzer.com with your contact details so we can issue your receipt for taxation purposes. FOR DONATION’S OUTSIDE OF THE NETHERLANDS Name: Stichting Marion von Tilzer FoundationAccount Number: NL49 INGB 0005 0602 10Handelsregister, nr. 33031431Address of Bank: AmsterdamSwift / BIC Code: INGBNL2A