Donations

BANK TRANSFER

IBAN:

IT51N0326822310052352579200

Olly Foundation Donations

Other Amount:

All donations are tax-deductible according to law

Choose Olly Foundation Onlus (entity with legal personality and enrolled at the registry of non-profit organization which pursues a social purpose in support of children) for a legacy,  a donation in memory, a donation in property.
Tax breaks on donations to non-profit foundation for individuals
This category includes physical persons, individual entrepreneurs, self-employed and members of partnerships (ordinary partnerships, general partnerships, limited partnerships and companies made their equivalents by the letter b) of paragraph 3 of art. 5 of the Consolidated Tax Act).

They can either opt between:
• the deductibility, for donations in cash or in kind, up to 10% of the total income, and in any case a maximum of 70.000 € per year measure (Art. 14 paragraph 1 of Decree Law no. 35/2005, as amended (L. n. 80/2005).
• the IRPEF deduction of 26% calculated on the maximum limit of 30,000 euro for a savings of up to 7,800 Euros (until 2014 the limit was € 2,065.83).

Tax breaks on donations to non-profit foundation for enterprises
This category includes corporations, partnerships or cooperatives or consortia of different types or organizations, public or private, which have as their exclusive or main purpose the exercise of commercial activities (that is, one of the other taxpayers of IRES). These taxpayers may opt alternatively between:
• the deductibility, for donations in cash or in kind, up to 10% of the total income, and in any case a maximum of 70.000 € per year measure (Art. 14 paragraph 1 of Decree Law no. 35/2005, as amended (L. n. 80/2005).
• the deduction from taxable income IRES 2% of business income declared for a maximum amount of 30,000 euro (paragraph 2 letter h, the Income Tax Code Article 100).