Income Tax Consignment - Associação Salvador

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INCOME TAX CONSIGNMENT

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INCOME TAX CONSIGNMENT

CORPORATE SPONSORSHIP

Contribute with income tax without spending anything

Did you know that, when filling out your income tax declaration, each person can donate 0.5% to a Social Solidarity Private Institution?

It only takes 10 seconds and has no added cost, since the value has already been paid to the State and does not interfere with the refund.

Just make an x (cross) in field 11 and put the NIF 506723364.

This is the only moment in which citizens can decide exactly where they want to channel their taxes. A very important value for Associação Salvador to continue to change the lives of hundreds of people with motor disabilities.

Consign 0,5% of your income tax

| How to do income tax Consignation – Non-automatic declaration:

1 – In the Portal das Finanças, chose the option “Entregar IRS” -submit the income declaration (Model 3);

2 – In the Section Rosto, you will see, on the left side, box11. There, select field1101 (Private Institutions of Social Solidarity or Legal Entities of Public Utility).

3 – In the Options, select IRS and put the Associação Salvador TIN: 506723364.

| How to do income tax Consinment – Automatic Declaration

1 – In the Pre-Settlement of your income tax, select the option “Consignar 0,5% do IRS”

2 – Choose the 2nd option: “Instituições particulares de solidariedade social ou pessoas coletivas de utilidade pública”

3 – In the field to put the TIN of the Beneficiary Entity, type the TIN of Associação Salvador: 506723364

There is no cost for you!

Donate VAT

There is also the possibility of donating VAT by filling out your income tax declaration.

The invoices you request throughout the year, allow you to recover 15% of the VAT paid on certain activities (car and motorcycle repairs, accommodation and catering, and hairdressing and beauty salons).

By deciding to consign the VAT, you are giving up this deduction in favor of the entity you have decided to support.

Downlode the campaign materials here: https://bit.ly/3ZZxH7k

Frequent questions

Consign, means to inform the State that you intend to Donate 0.5% of the value you have already paid for your taxes, and which will never be returned to the taxpayer, to an Institution. One of these can be the Associação Salvador – TIN: 506733364.

This option is safeguarded in Portuguese law through art.32, paragraph 6 of Law 16/2001 of June 22, which allows all taxpayers to donate 0.5% of their income tax already paid to Private Institutions of Social Solidarity or Collective Persons of Public Utility.

No. If you did not set aside the 0.5%, this amount would belong to the State’s tax pool.

For example: if the state withheld €1,000 of tax from you, after your income tax is placed, you would be entitled to a refund of, for example, €300. If you do not consign any money, the state will refund the €300 and decide how and where to allocate the €1,000 of your tax. If you decide to consign the income tax, the government will still refund the €300 and give the entity you chose for the income tax consignment the 0.5% (€5) and decide where to apply the remaining €955, the amount of the consignment is not deducted from your refund. (Source: Dr. Finanças)

For an institution to be a beneficiary of the Consignment of 0.5% of the income tax, it must be previously registered and authorized by the Tax and Customs Authority. (To know the list of registered institutions, please consult the (Portal das Finanças.)

The Associação Salvador (NIF 506723364) is expressly registered to receive your donation (Art. 32, nº6 of Law nº16/2001 of June 22nd).

Between January 1 and March 31, the Taxpayer can communicate the Institution or Association to which he intends to assign his income tax and/or VAT on the Finance Portal, even before submitting his income tax return.

To do so, simply access the Portal das Finanças, select “Dados Agregados IRS” and the option “Comunicar Entidade a Consignar IRS/IVA“.

After this period, you can also make this communication when filling out the income tax Declaration.

For an institution to be able to benefit from the Consignment of 0.5% of the income tax, it must be previously registered and authorized by the Tax and Customs Authority. (In ordem to know the list of registered institutions, check the Portal das Finanças.)

The Associação Salvador (TIN 506723364) is expressly registered to receive your donation (Article 32, paragraph 6 of Law No. 16/2001 of June 22).

After the period for delivery of income tax declarations, the State gathers all the information given by taxpayers and makes the delivery to each beneficiary institution, the final consigned amount.

Because by supporting the work of Associação Salvador (TIN 506723364), you are contributing so that we can give continuity to our projects supporting people with motor disabilities.

Yes, a sole proprietor can make a consignment of his income tax. The deadline to be respected is the same as the general income tax filing deadline.

Yes, a self-employed person can make a consignment of his income tax. The deadline to be respected is the same as the general income tax filing deadline.

Get to know the Fiscal Benefits

The attribution of a cash donation translates into a tax benefit deductible to the income tax collection of the individuals who give it to the Associação Salvador.

In the case of donations given to the Association Salvador, in order for the tax benefit to be deducted from the income tax collection of the year in which they are granted, it is necessary that the individuals who give them are residents in national territory, and the value of the benefit will correspond to 25% of the amounts allocated, up to a limit of 15% of the income tax collection.

Without prejudice to the above, it should be noted that in the event the donation is granted by an income tax taxpayer who earns Category B income (business and professional income) and has his income determinated using the organized accounting rules, he will not be able to deduct the tax benefit from the income tax collection if he has entered the granting of the donation as a cost, under penalty of doubling the benefit.
However, this situation does not occur in cases where donors earning Category B income see their income determined using the simplified regime rules. In other words, these taxpayers can deduct from the collection, within the limits indicated, the tax benefit corresponding to the donation granted Associação Salvador.

The law, in paragraph 1 of Article 63 of the Statute of Tax Benefits, only allows income tax taxpayers to make donations in cash, unlike IRC taxpayers, who may make donations in cash and in kind.

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