Tax benefits

DONATE TO CUDECA AND PAY LESS TAX
You can reduce your tax bill by up to 75% of your donation 
 
From 1 January 2015 there are new tax rules in Spain which benefit Members and other donors. The tax authorities now reduce your tax bill by a bigger percentage of your donation and encourage your generosity by increasing the tax savings once you have made a donation every year for three years.
 
The new rates applicable for donations made after 1 January 2015 are as follows:  
 

PERSONAL INCOME TAX SAVINGS ON DONATIONS 

 
TAX SAVINGS 
Annual Donation upto 150 Euros
2016+
75%
 
Amount over 150 Euros
30%
 
Annual amounts donated in excess of 150 Euros from the third year, provided that each year’s donation is equal to or exceeds that of the previous year 
35%
 

 

 

Examples:

  • If you donate 150€ in 2015 and again in 2016, your tax bill is reduced by 75€ (50%) for 2015 and 112.50€ (75%) for 2016. 

  • If you donate more than 150€ e.g. 1,000€, in 2016 & 2017 your tax saving will be 367.50€. This is made up of 112.50€ (which is 75% of 150€) plus 255€ (which is 30% of 850€). 

  • In 2018 (3rd year) the savings will increase to 410€. This is made up of 112.50€ (which is 75% of 150€) plus 297.50€ (which is 35% of 850€). 

    Note: The total tax savings cannot exceed 10% of the tax payable 

CORPORATE INCOME TAX 

 
TAX SAVINGS 
One off donation
2016+
35%
 
Annual amounts donated in excess of 150 Euros from the third year 
40%
 
   
 

Note: The total tax savings cannot exceed 10% of the tax payable 

 

If you pay tax in the United Kingdom there are also significant tax savings available. Please contact Rafael Olalla at Cudeca. 
 
 
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