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Tax Benefits for Residents in Spain

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.