Supporting SKEMA Business School enables French tax payers to enjoy the tax benefits associated with charitable donations.
- Impôt sur le revenu or IR (income tax)
66% of your donation is deductible from your income tax (IR) to a maximum of 20% of your taxable income.
- Impôt sur la fortune immobilière or IFI (real estate wealth tax)
75% of your donation is deductible from your “impôt sur la fortune immobilière”, to a maximum tax deduction of €50,000 and thus a maximum donation of €66,666.
- Impôt sur les sociétés or IS (corporation tax)
60% of your donation is deductible from your “impôt sur les sociétés”, to a maximum of 0.5 of every €1,000 of the company’s turnover excluding VAT.
When to make a donation?
- Before 31 December 2019 to be eligible for an income tax deduction.
- Before May or June 2020 to be eligible for a tax deduction on your “impôt sur la fortune immobilière” (real estate wealth tax).
- Before the end of the current financial year to be eligible for a tax deduction on your “impôt sur les sociétés” (corporation tax).
