Article 200 of the CGI – Donations made by individuals :
are entitled to a reduction in personal income tax equal to 66% of their amount sums (taken within the limit of 20% of taxable income) which correspond to donations and payments (in cash but also to donations in nature of movable property or shares for example, including the express abandonment of income or products) made by taxpayers domiciled in France.
When the limit of 20% of taxable income is exceeded during the financial year, the excess payment gives rise to a tax reduction for the following five years.
Article 238 bis of the CGI – Donations made by companies :
Since January 1, 2020, companies have benefited from a reduction in income tax equal to 60% of donations, the latter being taken into account within the limit of € 20,000 or 5 per thousand of turnover when this amount is higher (article 238 bis of the CGI). For your information, companies that make more than € 10,000 in donations and payments during a financial year giving rise to the right to the tax reduction provided for in this same article, must declare to the tax authorities:
– the amount and date of these donations and payments,
– the identity of the beneficiaries as well as, if applicable,
– the value of goods and services received, directly or indirectly, in return if applicable.
