Income Tax Exemption on Donations, made to the Estonian SOS Children’s Village Association:
Natural persons-contributors can deduct the donations, made to the Estonian SOS Children’s Villages Association, from their taxable income of the taxation period (no more than 5% of the income of the same taxation period). /Article 27 (1) and (3) of the Income Tax Act/.
Income tax exemption is also applicable to donations, made to the Estonian SOS Children’s Villages Association by companies (provided that the total donation amount does not exceed 10% of the contributor’s profit for the last calendar year or 3% of the individually registered social security tax of the same calendar year, i.e. 3% of the amount, which has been paid as wages or similar payments). /Article 49 (2) of the Income Tax Act/.
All donations will be included automatically in the contributor’s semi-completed income tax return form. Contributor’s personal ID code or registration number is required; you can communicate this information either by E-mail/phone or add under payment details when making the payment.