Question 1

What are the benefits of a donation to the Bakery School Foundation Belgium?

Accepted Answer

For every donation above €40, you will receive a tax certificate that allows you to deduct 45% of this amount from your taxes to be paid. This means that in case of a donation of €40, it will only cost you €22 (€40 x 55%). The certificate is granted by the Belgian government and is send to you by the Bakery School Foundation within the first three months after the year you have made the donation. This deduction is based on article 145/33 of the Belgian income tax code. This is for all donations received after 1 January 2019.

Question 2

What are the benefits of a donation to the Bakery School Foundation Brazil?

Accepted Answer

There is a Tax Incentives to Donors – Brazilian Legal Entities who pay IRPJ/CSLL over the Net Income. Note that this is not applicable to individuals or companies who pay IRPJ/CSLL calculated over their revenues.
– Benefit: deduct the donation from tax basis of IRPJ and CSLL
– Limit: 2% of the operational net income before the deduction of taxes
Rules:
– Donation of money must be credit directly to the Bakery School Brazil bank account
– Donation of services and products must be made by its market value
– The donor must keep a specific declaration* issued by the Bakery School
Please check the legal details (https://www.bakeryschoolfoundation.com/wp-content/uploads/2019/05/Brazil-pdf-to-be-published-on-website.pdf)prepared by the Brazilian legal advisors of the Bakery School Foundation.

Question 3

What are the benefits of a donation to the Bakery School Foundation Mexico?

Accepted Answer

Mexican tax legislation foresees Tax Incentives to donors. Taxpayers, Individuals or Mexican Legal Entities, may claim donations as an income tax deductible expense.
The máximum amount of a tax payer’s overall donations shall be deductible for up to a maximum of 7% of the taxable profit earned by the taxpayer in the year immediately preceding that in which the deduction is taken.
Donations can be in cash or in kind (goods). In case of donations in kind, the amount donated shall be equivalent to the updated original amount of the investment or equivalent to the updated amount paid for the purchase of goods. Goods that were already deducted, shall not be deductible again as donations.
The only requirement for the taxpayer (donor) is to obtain the supporting documentation (digital tax invoice (CFDI) that will be issued by the Bakery School Foundation Mexico with the corresponding donation.
Therefore it is important that you complete the fields in the donation section of our website.