Applicable limit

Regulations: Art. 69.1 Law Income Tax

The deduction base for donations, gifts and other contributions may not, as a general rule, exceed 10 percent of the taxable base for fiscal year .

Notwithstanding the foregoing, the deduction base for donations, gifts and contributions intended for the implementation and development of priority patronage activities and programs previously listed in point 1.2 above, may reach 15 percent of the taxable base for fiscal year .

The taxable base for the year is made up of the sum of boxes [0500] and [0510] of the declaration.

In the case of having negative tax bases from previous years, the amount of the general taxable base subject to tax will be taken into account to calculate this limit, boxes [0505] of the declaration .