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Slovaks use tax credit to benefit NGOs

SLOVAK non-profit organizations received Sk878.4 million (€22.5 million) at the end of July thanks to Slovak taxpayers. Individuals and businesses are allowed to allocate donations to NGOs out of propsective tax refunds, the SITA news wire wrote.

Robert Merva from the Slovak Tax Directorate said that corporate entities allocated Sk579.4 million (€14.9 million); the rest came from individuals.

As of July 31, the Tax Directorate had registered approximately 430,000 allocation announcements from taxpayers that had instructed transfers of 2 percent of their paid income tax; 13,700 came from corporate entities; 416,600 from private individuals. Tax offices transferred the total amount to the accounts of 5,746 non-profit organizations registered on the list of eligible beneficiaries.

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