Charity is one of the most popular activities among wealthy people. Everyone strives to help at least something to the best of his ability to disadvantaged people. Donations sometimes add up to a pretty lump sum. But not all organizers of charity marathons know how to arrange such cash investments for the tax authorities.
It is necessary
executed papers on the fact of donation
Since donations, as a rule, are expressed in monetary terms, then for the state they are equal to the income received by a certain fund. This means that the amount received is subject to taxation. The receipt of a donation is related to the receipt of income by an individual. This means that it is taxed at a rate of 13% in the form of personal income tax. Donations that fall under Article 217 of the Tax Code are not subject to this tax. Only tax deductions apply to them.
The main thing when receiving a donation is to correctly draw up the documents, otherwise then problems will not be avoided. There are no situations when someone brought, and someone received a monetary reward. In this case, the organization can easily be accused of fraud. Therefore, it is necessary to draw up the corresponding papers correctly. When filling out settlement and payment documents and reflecting transactions in accounting, it is imperative to indicate the word "donation" next to the amount received from the sponsors. The information about the donor must be contained either in the receipt order, or in the act of acceptance and transfer.
Certain donations are subject to certain tax deductions. They must be provided on the basis of a written application at the time when he submits a declaration to the tax authority at the end of his reporting period. To obtain permission for deductions, you need to add the following documents to the application: payment documents confirming expenses and income for charity, a donation agreement.