Tax Deductibility

Public Benefit Organisations (Algemeen Nut Beogende Instellingen, or ANBIs) can benefit from certain tax advantages relating to inheritances, donations and energy tax. Organisations designated as ANBIs by the Dutch Tax and Customs Administration are eligible for these tax benefits.

Stichting Schaakschool Indische Buurt is a Public Benefit Organisation (ANBI). This means that the foundation meets the requirements set by the Dutch Tax and Customs Administration for organisations serving the public benefit.

As a result, individuals and businesses can make donations with tax benefits. The foundation is also exempt from tax on donations and inheritances.

Donating with tax benefits

Donations to Schaakschool Indische Buurt may be deductible in your income tax return, provided that certain conditions are met. Different conditions apply to fully deductible recurring donations and partially deductible ordinary donations.

Fully deductible recurring donations

Your donation to Stichting Schaakschool Indische Buurt can be fully deducted from your taxable income in your income tax return if it meets the following conditions:

• You donate the same amount to Stichting Schaakschool Indische Buurt every year. You may decide whether to pay your annual donation in one payment or in several instalments.
• You make the payments for five consecutive years. You may also continue for longer.
• You have specified when the donation will end, for example after five years or upon your death.
• The donation is recorded in an agreement concluded between you and Stichting Schaakschool Indische Buurt. It is also possible to have the donation recorded in an agreement drawn up by a civil-law notary.
• You receive nothing in return for your recurring donation.

See the website of the Dutch Tax and Customs Administration for more information, including an example of an agreement and an authorisation for automatic collection.

Partially deductible ordinary donations

Your donation to Stichting Schaakschool Indische Buurt is considered a partially deductible ordinary donation if it does not meet the conditions for a fully deductible recurring donation.

Partially deductible ordinary donations may be deducted in your income tax return. However, a minimum threshold and a maximum apply: you may deduct the amount above the threshold, but not more than the maximum deductible amount.

The threshold is 1% of your threshold income (the total of your income in Boxes 1, 2 and 3), with a minimum of €60.

If you have a fiscal partner, your partially deductible donations and the threshold incomes of both you and your fiscal partner are added together.

The maximum deductible amount is 10% of your threshold income.

See the website of the Dutch Tax and Customs Administration for more information and a calculation example.

Donating as a business

Donations to Stichting Schaakschool Indische Buurt may be deducted by businesses from their taxable profit when filing their corporate income tax return. See the website of the Dutch Tax and Customs Administration for more information.

Including Stichting Schaakschool Indische Buurt in your will

Would you like to include Stichting Schaakschool Indische Buurt in your will? Please contact your civil-law notary. We do not have to pay tax on your donation.

Personal contact

If you have questions about donations to Stichting Schaakschool Indische Buurt or about including the foundation in your will, you are welcome to contact our chairperson for advice or a personal meeting. Email: schaakschool.ib@gmail.com