BUSINESS DONATIONS DEDUCTIBLE

A very popular question arises: Are business donations deductible?

Donations from business assets are deductible as business expenses up to 10% of the taxable profit of the current year.

Donations in excess of this amount can be deducted as special expenses under certain circumstances.

The beneficiaries of the donations must appear on the Austrian Ministry of Finance (BMF) list on the day of the donation. From 2024, the donation benefit has been greatly expanded; in particular to the areas of sport, education, art & culture.

Natural persons can also benefit in similar circumstances from private donations effected to the privileged beneficiaries listed on the BMF list, under their Austrian income tax return for the year in which the donation is carried out.

If you would like to receive further information on business donations deductible, please do not hesitate to contact our office.

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