Patronage incentives: Collaboration agreements in activities of general interest
Incentives FOR MECENAZGO: General TERMS AND CONDITIONS OF APPLICATION
Act 49/2002, of 23 December, on the tax regime of non-profit organisations and on the tax incentives for patronage, has established the following tax incentives for the participation and collaboration of employers and professionals in activities of general interest:
Business collaboration agreements in activities of general interest.
Expenses in activities of general interest.
The application of these incentives is limited to the scope of economic activities that determine the net return of their activity in the direct estimation regime.
In addition, the incentives included in the first two sections are incompatible with the other tax incentives provided for in Act 49/2002, such as the deduction for donations.
The amounts paid or the expenses incurred by employers and professionals that determine their performance under the Direct Estimation Scheme, as a result of business collaboration agreements in activities of general interest concluded with entities and institutions of Act 49/2002 provided for in Act 49 / 2002, are considered deductible expenses from the net yield of the economic activity carried out.
Business collaboration agreement in activities of general interest is understood as the agreement by which the entities mentioned in the previous paragraph in exchange from financial assistance for carrying out activities carried out in compliance with the specific purpose or purpose of the same, they undertake in writing to disseminate the collaborator's participation in these activities.
There are no limits for deductibility of these expenses.