Russians Get Tax Break for Charitable Donations
Russian citizens can receive a tax deduction for charitable donations, amounting to 13% of the donated sum, with a maximum limit of 25% of annual income. The deduction can be claimed for three years after the year of donation.
Consensus
- Russian citizens can receive a tax deduction for charitable contributions.
- The deduction is 13% of the amount donated.
- The maximum deduction cannot exceed 25% of the taxpayer's annual income.
- The deduction applies to donations made to charitable, religious, or socially oriented non-profit organizations, including those in science, culture, physical culture, and education.
- The right to claim the deduction lasts for three years from the year the donation was made.
Points of divergence
- The maximum amount of deduction is limited to 25% of annual income. — tg_moscowmap
- The deduction is not provided if funds are transferred not directly to the organization but to a fund established by it. — vesti
Coverage (4 sources)
- Tax deduction for charity may be available to Russians — Новости Москвы
- Tax Service: Russians may get back 13% of charitable donations — Москва 24
- Russians may receive a tax deduction for charity in the amount of 13% of the spent sum. — РИА Новости (Telegram)
- Tax Service: Russians may receive a tax deduction for charity — Вести