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A non-profit business association has requested clarification on whether its membership fees, grants and donations are exempt from Corporate Tax. The Directorate General for Taxes (DGT) has ruled that such income is exempt, provided it arises from the entity's specific object or purpose and does not constitute an economic activity.
Analysis pending. This ruling has been identified and indexed by the automatic ingestion system. BMC's team will complete the plain-language analysis within 24 hours. You may access the official source in the meantime.
What is published here, applied to a company or a specific case. The first meeting is free.
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