Tax benefits for companies
Quid is a Type B Social Cooperative, formerly a no-profit organization, a social enterprise and a Third Sector Institution by right (art. 11, paragraph 3 of the Third Sector Code).
Those who contribute to our cause by donating will be able to benefit from the following tax relief. In the event that the total declared income is reduced by further deductions to such an extent that the deduction to which one would be entitled for the donation cannot be fully enjoyed in the relevant tax year, the donating company can deduct the amount not deducted in subsequent years up to the quarter following the first declaration.
Find out how to support us
What you can do as a company if you decide to donate fabrics or support Quid with a monetary action
Deduct donations from individuals, entities and companies
Deducting cash or in-kind donations to Third Sector Realities, for an amount not exceeding 10% of the total declared income (Article 83, paragraph 2 of the Third Sector Code)
Deduct donations from individuals
Deducting an amount equal to 30% of cash or in-kind donations (Article 83, paragraph 1 of the Third Sector Code)
Deduct donations from companies
Deducting donations to ONLUS for an amount not exceeding 30,000 euros or 2% of the declared business income (Article 100, paragraph 2, letter h of Presidential Decree 917/86)
Obligations
The ceding undertaking is required to notify the competent Revenue Office in advance, by registered mail with acknowledgement of receipt, of the individual transfers of goods (communication is excluded in the case of easily perishable goods of modest value) and must note in the VAT registers, or in a specific table, the quantity and quality of the goods transferred free of charge in each month.
It must keep the declaration issued by the non-profit organization to which it made the transfer. The organization issues a declaration to the donating company; in it is necessary to certify the commitment to directly use the goods received following the institutional purposes and to carry out the actual direct use.
