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V0682-24 ·15 April 2024 ·consulta-vinculante Medium impact
Tax

Donations to foundations by employees may be tax-deductible if legal requirements are met

A query was raised regarding whether an employee can deduct donations made to a foundation from their Personal Income Tax (IRPF). The Directorate General for Taxes (DGT) ruled that to qualify for the deduction, the donation must be irrevocable, absolute, and made without any consideration in goods or services. Furthermore, the recipient entity must comply with the requirements of Law 49/2002 or be a recognised foundation or association of public utility.

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2024-04-15PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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