If you would commit to a continuous donation during five years we call this a periodical donation. A periodical gift may be reduced entirely form your income tax. The periodical gift must in that case be confirmed in an agreement.
The Dutch Government is planning as of 2020 to implement a gradual reduction of the current top rate of 50,75% for donations (similar to other personal tax reductions) by 3% per year until a rate of 37,05% is reached in 2023. Consequentially the fiscal advantages of the periodical and one-off gift will reduce.
By following the next steps:
You may choose to pay the annual amount once a year or break it down in periodical installments (monthly or quarterly). Please make sure that your first effective payment falls on a date after the date of the agreement. Note that for the tax incentive no donation prior to that date counts for the reduction.
Ending of your periodcial donation. Your obligation to fullfill the payments terminate:
In case of further questions please contact us: info@athosfoundation.nl