DECREASE YOUR TAXTES BY HELPING

A donor as a physical being can subtract the financial gift from their taxes.

„Do not forget and reduce your taxes by helping,“  reminds the chairwoman of the Board of Trustees of the TopHelp Foundation Fund.

An individual donor (either as an employee or self-employed person) may apply the donation as a deductible item if the total amount of the free benefits, that is, the donations in a certain year that are at least 1,000 CZK or at least 2% of the tax base. A total of 15% can be deduced from the tax base. That practically means that if a physical being donated gifts worth 1,000 CZK and higher, they do not need to verify, if the amount is at least the 2%, they only verify that the total value did not exceed 15% of the tax base.

Each donor donating financial means may request the issuance of a Donation Certificate and hands this verification to their accountant by mid-February of the following year at the latest. Entrepreneurs and tradesmen will reflect their contributions in the tax return they submit to the tax office in the following year.