IAC Friends

Tax incentives

Did you know that you can recover up to 85% of your donations?

All contributions to the “Amigos del IAC" Patronage and Sponsorship Program are tax-deductible. As part of the considerations and acknowledgements, and to encourage patronage initiatives, Law 49/2002 of 23 December on the spanish tax regime for non-profit organisations provides the following tax benefits for donations made

For individuals

  • Micro-sponsorship: the first 150 euros donated have a 80% deduction in the full income tax rate, which increases to 85% in the case of the Instituto de Astrofísica de Canarias.
  • The amount donated that exceeds 150 euros has a 30% deduction in the fee, which increases to 35% in donations to the IAC.
  • Loyalty: a 40% deduction (instead of the general 35%) may be applied to donations, provided that donations of the same or greater amount have been made to the same entity in the two immediately preceding tax periods.
  • The deduction is limited to 10% of the personal income tax base.

For legal entities

  • The amount donated has a general deduction of 35% in the total quota of the Corporate Tax, which is increased to 40% in the case of the Instituto de Astrofísica de Canarias.
  • Loyalty on donations: a 45% (instead of the general 40%) deduction may be applied provided that donations of the same or greater amount have been made to the same entity in the two immediately preceding tax periods.
  • The deduction is limited to 10% of the taxable base for the tax period.
  • Amounts in excess of this limit may be applied in the tax periods ending in the 10 immediate and successive years.