Donations to associations will be easier to deduct for tax purposes from January 1st – 2024-02-08 23:17:28

by worldysnews
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LAbg. Rudolf Raffelsberger (Photo: OÖVP)

Every second person in the Gmunden district volunteers for society. In 2024 they will be supported even better, as donations to non-profit organizations will be much easier to deduct from taxes in the future. “I appeal to our clubs in the Gmunden district to be added to the list of organizations receiving donations from January onwards,” OÖVP district party chairman Rudolf Raffelsberger advises the clubs in the district.

The background is that the Non-Profit Form Act will come into force on January 1, 2024. “We want to support volunteering even more as a pillar of our coexistence. With the expansion of the tax deductibility of donations to all non-profit organizations ÖVP The federal government has achieved the largest reform in this area in decades. The reform opens up the opportunity for significantly more donations to be made in the future, thereby increasing the value of voluntary work in the Gmunden district,” continued Raffelsberger.

State Governor Thomas Stelzer also takes the opportunity to thank all the volunteers in the Gmunden district: “Our country is supported by our many volunteers. Not only do we appreciate this, we try to create all the framework conditions so that good volunteer work can be organized. Because the culture of volunteering enables us to live a good life together.”

In order to support small associations, there will in future be a largely automated and simplified process via a tax advisor. They no longer have to carry out an expensive annual audit by an auditor. In addition, access to tax deductibility for donations is made easier by shortening the entry period from three years to one year upon proof of non-profit status.

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