Donors have the legal right to deduct the value of their donations to our organization from their Czech income taxes.
(per Section 15, paragraph 8 of the Income Tax Act)
Natural persons may deduct the value of a donation from their taxable income as long as the aggregate value of the donation during the tax year exceeds 2 % of the their taxable income or at least CZK 1 000. The most that can be deducted this way is 10 % of taxable income.
(per Section 20, paragraph 8 of the Income Tax Act)
Legal entities may deduct the value of donations from their tax base if the value of the donation is at least CZK 2 000. In total, a legal entity can deduct a maximum of 5 % of its already-reduced tax base. This deduction cannot be applied by taxpayers that have not been established or founded for business purposes. For tax deduction purposes, therefore, the donation must be at least CZK 2 000.