Make a One-Time Donation
Do you pay taxes in the Netherlands? Want a tax return up to 125%? Learn how.
28 October 2016
by Jan-Willem van Rijnberk
Make a donation
to SEA Foundation
The Dutch Charity act
for cultural institutions
Dutch Charity Act Explained
Make a one-time donation to SEA Foundation
We receive one-time donations from individuals and businesses. By donating you help us to achieve our mission: to initiate cultural encounters. Morover, this also has tax advantages for you as a donor, if you pay taxes in the Netherlands.
“Donators can mean a lot for a cultural institution, they can reinforce the foundation. The additional deduction is a nice incentive”, said Dutch Minister Jet Bussemaker of Education, Culture and Science. You can get an additional tax return up to 125% with a one-time gift, thanks to the Dutch Charity Donation act (Geefwet).
Individuals and companies who donate to cultural institutions, can make use of additional tax-return. The European Commission finally adopted the ‘Geefwet’ on February 14, 2013. This arrangement to receive additional tax-returns also applies to donations made to cultural ANBIs (Public Benefit Organization).
How the ‘Geefwet’ works for individuals
According the ‘Geefwet’, you can deduct a donation to SEA Foundation up to 125% of the amount. The Dutch Tax Authorities accept that you subtract a quarter more than you actually give.
The deductibility does have a limit, namely € 5,000 per annum. If you donate more than € 5,000 annually to cultural institutions, the additional amount is deductible for just 100%. After 2017, the increase will expire completely. Please note that a one-time gift is only fully deductible for income tax when the amount is between 1% ( minimum € 60) and a maximum of 10% of your combined gross income.
Tax breaks for businesses
The total amount of deductible donations by a company that is tax registered in The Netherlands, is up to 50% of taxable profit amounts. The deductibility limit is € 100,000 per annum. For corporation tax applies a 50% increase this to a maximum of €5,000 per year. In addtion a maximum of € 2,500 is deductible.
If you are interested in financially supporting art production, visual artists or our foundation, SEA Foundation has suitable plans to welcome you. Please contact us so we can arrange a face-to-face meeting and offer you an appropriate proposal. We are looking forward to make your acquaintance.