Tax Benefits

COMPANIES:

CASH DONATIONS:

100% deductible from corporate income, as the Advanced Biomedical Research Foundation is listed under no. 168 in the register of eligible entities – DPCM July 8, 2019 – pursuant to Art. 1, paragraph 353 of Law no. 266 of December 23, 2005. 266

DONATION OF GOODS:

• Donation of any goods – Deduction up to a maximum of 10% of the total declared income (Art. 14, Decree Law 35/2005, converted into Law 80/2005).
• Donation of specific goods produced or marketed by the company – Deduction up to the specific cost incurred for their production or purchase, not exceeding 5% of the declared business income, for non-luxury goods that are defective, obsolete, or otherwise no longer marketable. For VAT purposes, such goods are considered as destroyed (Art. 13, paragraph 3, Legislative Decree 460/1997).

DONATION OF PERSONNEL:

If a company seconds its own staff to the Foundation, it may obtain a corporate income deduction equal to the cost of the seconded employee, up to 0.5% (five per thousand) of the total amount of expenses for employee services (Art. 100, paragraph 2, letter i, Presidential Decree 917/1986).