Temporary increase in the limit for deducting donations from the tax base

The president signed a bill in January 2021 which increases temporarily the limit for deducting donations as a deductible item from the tax base.

Regarding private individuals, the increase in the deductible amount changes from 15 per cent to 30 per cent for the calendar years 2020 and 2021. Legal entities can deduct donations of up to 30 per cent of their tax base compared to the original 10 per cent; this applies to the tax periods that end in the period from 1 March 2020 to 28 February 2022.