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V2796-20 ·11 September 2020 ·consulta-vinculante Medium impact
Tax

Voluntary non-refundable contributions from members are exempt from Corporation Tax subject to certain requirements

A public utility association has enquired whether voluntary contributions from its members intended to increase its social fund are subject to Corporation Tax and whether they generate tax deductions for donors. The Directorate-General for Taxes (DGT) has ruled that such income is exempt if received to support the entity's purposes, and that donors may apply the prescribed tax deductions.

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2020-09-11PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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