FOCUS SHORT

NGOs receive €25 million

TAXPAYERS sent almost €25 million to non-profit organisations, foundations and other similar organisations within a 2-percent allocation scheme from income and corporate taxes they paid for 2013, according to the Financial Administration. This sum might increase as the administration has not processed all income tax returns and some entities have postponed their deadlines for submitting tax returns, the TASR newswire wrote.

TAXPAYERS sent almost €25 million to non-profit organisations, foundations and other similar organisations within a 2-percent allocation scheme from income and corporate taxes they paid for 2013, according to the Financial Administration. This sum might increase as the administration has not processed all income tax returns and some entities have postponed their deadlines for submitting tax returns, the TASR newswire wrote.

The number of organisations qualified to receive assigned taxes have increased over the last few years. The aggregate sum of assigned taxes increased too. In 2013, taxpayers allocated almost €47 million from income and corporate taxes paid for 2012.

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