Past present and future Milan Andrejkovič Changes in percentage designation in Slovakia Percentage designation is in Income tax law No special law Pros and cons of insertion into Income tax law ID: 574211
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Slide1
Changes in percentage designation in Slovakia
Past,
present
and
future
Milan
AndrejkovičSlide2
Changes in percentage designation in Slovakia
Percentage
designation
is
in Income
tax
law
No special law
Pros and cons of insertion into Income tax law
Income tax law is „open“ each year –
possible
frequent
changesSlide3
Changes in percentage
designation
in Slovakia
Eligible „donors“ – individuals and corporates
Changes in % value – 1%, 1,5%; 2%, 3%
Minimum and maximum designated amount
Eligible purposes
Eligible beneficiaries
Way of designation
Sanctions
Anonymity
Transfering of amounts
Duties – special bank account, audit,
Commercial
bulletin...Slide4
1.
Eligible
„donors“ –
individuals
and corporates
At
the
beginning
in 2002-2003
– only INDIVIDUALS could designate
Starting
2004
- COMPANIES are allowed to designate as wellSlide5
2.
Changes
in % value –
1%, 1,5%; 2%, 3%
Started with 1% from individuals
Increase from 1% to 2%
Possible 3%
from
individuals
(2011-
Law
on
volunterism
)
In case of at least 40 hours of voluntary work per year
Matching principle from companies
In order to designate more, companies are required to give a gift Slide6
3. Minimum and maximum
designated
amount
Started with minimum:
20 SKK (0,66€) from individuals
250 SKK (8,3€) from companies
No maximum limitSlide7
Minimum and maximum designated amount
Increased the minimum:
3€ from individuals
8€ from companies
No maximum limitSlide8
Minimum and maximum designated amount
Government´s
efforts
to limit the maximum:
from companies – different proposals
500.000 Skk – 5.000.000 Skk max from company
(16.666€ - 166.000€)
f
or
1 beneficiary
Maximum cap Slide9
4.
Eligible
purposes
There
is
no single,
legislative
definition
of
Public
benefit
purposes
in Slovakia.
Changes
,
extensions
, specifications:
Started with 6 purposes
Now 9 purposes
Specifications:
f.e. – support of sport – support of psychical activitiesSlide10
5.
Eligible
beneficiaries
Legal forms:
NGOs
Slovak Red Cross
Organizations of churches
-
4.
Research
and
development
organizations
5.
Special
funds
(
Anti-drug
fund
, ...)Slide11
Way of designation
Started
with
special
document
called
„
Vyhlasenie
–
Declaration
“
Part of Tax declarationSlide12
Sanctions
Beneficiaries getting more than specific amount are obliged to publish in Commercial Bulletin how they spent the money from designation.
If they failed to report, the sanction
was
exclusion
from the eligibility of getting designation for 3 years
Change: only for 1 yearSlide13
Anonymity
Beneficiaries had no information about the supporters
Starting 2016, supporters can agree to send informations about themselves to beneficiaries:
Individuals: Name, address
Companies: Name, address,
legal
form
But
NO FINANCIAL INFOSlide14
Transfering of amounts
Tax offices used to transfer individual amounts.
expensive
for both tax offices and beneficiaries
Tax offices send the money in bulkSlide15
Duties – special bank account, audit,...
Beneficiaries getting more than specific amount are obliged to open new bank account and to transfer the money from designation there.
Interest gained has to be spent for the same purposes as the origin amount.
Beneficiaries
getting
more
than
specific
amount
are
obliged
to
have
a
financial
audit
Beneficiaries
getting
more
than
specific
amount
are
obliged
to
publish
the
spending
in
Commercial
BulletinSlide16
Future changes
New information system called: „Open information system of
NGOs
“
R
egistration
process
Anonymity
Sanctions