The Foundation
Save a Russian Child (Stichting Red een Russisch Kind) is
an official registered charity which is registered with
the Dutch Tax Authorities within the meaning of the law
‘Successiewet 1956’ (article 24 sub 4) and also
is classified as an Entity with General Benefit Objectives
(ANBI) in accordance with the article 6.33 of 'Income Tax
Law 2001' under registration no. 8096.80.257.
Donations to this organization are tax deductible and can
be therefore attractive.
Tax deductions
Donations/gifts to the foundation can be made in different
ways, varying from a simple one off bank transfer to regular
payments on a long-term basis authorized by a notary. Such
gifts are tax deductible.
Donation/gifts
All contributions to Foundation Save a Russian Child are
in principal tax deductible. You can register your donation
in the Annual Tax return under the 'Gifts' section. Tax
is deductible only on gifts that are above a certain threshold
level. This threshold level depends on your total annual
income (gross). If the overall amount of the donations you
have made in one year is more than 1% of your total annual
income (minimum value of 60 EUR), you can deduct tax on
the amount above the threshold. Tax is deductible for a
gift up to 10% of your annual income.
Say your total annual income is 20.000 EUR. You make a donation
of 600 EUR to Foundation Save a Russian Child. The amount
eligible to be deducted for Tax purposes is calculated as
follows:
600 EUR - 200 EUR (1% of 20.000 EUR) = 400 EUR.
You must always keep documentary proof of the gifts you
have made, such as receipts or bank statements.
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