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Non-profit organisations to receive €39.9 million from tax donations
6 Aug 2013 Flash News
Non-profit organisations in Slovakia will be granted a total of €39,905,000 – 2 percent out of taxes dedicated specifically by individuals and companies, the Finance Directorate of the Finance Ministry reported on Monday, August 5. However, this figure represents a year-on-year drop of more than €4 million.
Slovaks are able (but not required) to dedicate 2 percent of their payable taxes to a specifically designated cause, such as civic associations, non-profit organisations and other applicants who meet the legal criteria. According to the Directorate, an overall total of €20,222,000 was paid by individuals and €19,683,000 by companies.
“The number of applicants has grown recently. Whereas taxpayers could choose among roughly 4,000 applicants seeking the 2-percent tax allotment in 2002, the number has swelled to 11,000 applicants in 2012,” said the institution, as quoted by the TASR newswire. When the idea was introduced in 2002, the amount came to €3 million, and continued to grow over the subsequent years, peaking at €55 million in 2009. In 2012, the applicants received a total of approximately €44 million (from 2011's taxes).
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