The tax incentives applicable to donations made to the Canarian Foundation Adrián Hoteles by taxpayers, individuals or legal entities, with fiscal residence in Spain are as follows:
PHYSICAL PERSONS / INDIVIDUALS
The Individuals taxpayers of Income Tax to which the Law 35 / 2006, of 28 of November, of Income Tax of Physical Persons, which makes donations to the Canary Islands Foundation Adrián Hotel, will be able to apply in the IRPF declaration, the following deductions:
Up to 150 € per year: the 75%. From 150 € onwards: the 30%.
If periodic donations are made to the Foundation and are made during at least three years for an equal or higher amount, the excess over the first € 150 donated will generate a deduction of 35%. The basis of the deduction for donations may not exceed 10% of the taxable income of the IRPF.
LEGAL PERSONS / ENTITIES
The legal persons, taxpayers of the Corporation Tax to whom the law 27 / 2014, of 27 of November Corporate Tax applies, who make donations to the Canary Islands Adrián Hotel Foundation may apply the following deductions:
The tax relief in the Corporation Tax is 35%. For donations made to the same entity for at least three years for an amount equal to or greater, the reduction is 40%. The amount of the donation is not considered as a deductible expense in determining the tax base of the Corporation Tax.