Interest in tax assignment rises

THE NUMBER of organisations that qualify to receive 2 percent assigned from income taxes has grown. All taxpayers in Slovakia – individuals as well as corporations – can assign 2 percent of their income tax to a good cause of their choice. 10,962 civic organisations, NGOs, non-investment funds, foundations and other organisations can receive tax assignments for 2011. Compared with the previous year this is an increase of almost 14 percent, the TASR newswire wrote, citing data from the Chamber of Notaries.

THE NUMBER of organisations that qualify to receive 2 percent assigned from income taxes has grown. All taxpayers in Slovakia – individuals as well as corporations – can assign 2 percent of their income tax to a good cause of their choice. 10,962 civic organisations, NGOs, non-investment funds, foundations and other organisations can receive tax assignments for 2011. Compared with the previous year this is an increase of almost 14 percent, the TASR newswire wrote, citing data from the Chamber of Notaries.

Private individuals and corporations assigned almost €42 million from their 2010 tax returns to non-profit groups.

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