FOR CORPORATE DONORS RESIDENT IN SPAIN
According to Law 49/2002, corporate tax taxpayers can deduct from the amount of tax payable (less deductions for double taxation, allowances, and deductions to encourage certain activities) an amount equivalent to 35% of the deduction base.
The amounts that have not been deducted will be applied in the liquidations corresponding to the tax periods that conclude within the ten immediately-previous and following years.
The basis for this deduction may not exceed 10% of the tax base for the tax period; amounts exceeding this limit may be applied to the tax periods that conclude within the ten immediately-previous and following years.
To benefit from these deductions, you must ask FERO to provide you with the certificate of the contribution to include in your income tax return. To issue this certificate, you must provide us with the Company’s fiscal number and current data.