Tax Deductions
Italian Decree Law 35 of 14 March 2005 (article 14) expressly permits natural persons, businesses or companies to deduct donations made to Non Profit Organisations of Social Utility covered by Legislative Decree 460 of 4 December 1987 (O.N.L.U.S.) from their income. To be entitled to deduct tax, you must make a donation in cash or in kind, and it can be deducted up to a limit of 10% of your overall declared income and in any case for a maximum of 70,000 euros per year.
Piccolo Sole is a non-profit organisation (O.N.L.U.S.) established according to article 10 of Legislative Decree 460 of 1997 and duly registered.
Donations made to Piccolo Sole can therefore be deducted from your income. To prove you have made a donation and deduct the relevant amount from your income, you simply need to keep a receipt of the payment made to Piccolo Sole O.N.L.U.S. (e.g. a bank transfer receipt), indicating "donation to a non-profit organisation" in the reason for the payment.