TAX DEDUCTIONS

SYRIA.ART is a recognised (law 1901), general-interest association focused on promoting Contemporary Syrian Art. As such, the funds received by the association benefit from the sponsorship law dated 1 August 2003.

Personal Donations

Benefits of personal donation to an association: taxation! Besides the moral advantages, to make a donation to an association carries significant tax advantages:

Tax deduction

on income tax

The donor receives a deduction on the IR amount.
It is equal to 66% of the value of the donation, within the limit of 20% of taxable income.

Tax deduction on solidarity and wealth tax

Donors subject to wealth tax, benefit from this deduction if the donation is granted in favour of a non-profit association.
Under these conditions, the deduction is 75% of the value of the donation, within the limit of € 50,000 per year.

Corporate Donations (Sponsorship)

Advantages of corporate sponsorship to an association: taxation! Besides the moral benefits, corporate sponsorship in favour of an association carries significant tax advantages:

*Various sponsorship options may be offered to companies, starting from 10,000 Euros*	The law dated 1 August 2003 has enabled extensive corporate sponsorship, and enables companies wishing to fund an association to enjoy a company tax discount equalling 60% of their donation, up to a maximum of 0.5% of total turnover.
*I.e. the following tax deductions*	€ 6,000 for a sponsorship of € 10,000 € 12,000 for a sponsorship of € 20,000 € 18,000 for a sponsorship of € 30,000