Deductibility
All contributions made to the CISS – International Cooperation South South are deductible.
The CISS is in fact an NGO recognized as eligible by the Ministry of Foreign Affairs Italian (D.M. n°1989/128/3638/O del 6.12.1989) but also, in law, a NPOSU - Non-Profit Organization of Social Utility - then you can decide of which fiscal treatment benefit.
If you want to avail yourself of the rule about donations to NPOSU, you can deduct the donation from your income for an amount not exceeding 10% of the total income declared, in the maximum extent of €70.000 a year (art. 14, paragraph 1 of D.L. 35/05 Converted into Law n.80 in 14/05/2005).
Alternatively, you can take advantage of the tax regime applied to liberal grants to NGO and deduct the donation from your income for an amount not exceeding 2% of the total income declared (art. 10, paragraph 1 letter g of the D.P.R. 917/86).
To decide which system is more convenient for you, contact your advisor.
Companies can also deduct from the total business income donations to the NPOSU, in an amount not exceeding 10% of the total income declared and however in the maximum extent of € 70,000 a year (art. 14, paragraph 1 of D.L. 35/05 Converted into Law n.80 in 14/05/2005).
To take advantage of tax benefits provided by law should be retained the relevant attestation of donation: the receipt of payment, in the case of donation with postal order; notes accounts or statement of account issued by the bank, in case of transfer or RID; the credit card statement issued by the management company.
