Hello everybody! Need an information from the expert community here: are the non-profit donations tax-deductible? If so, how to get the tax credit given that I am tax-deducted at source (TDS)? I would like to donate 2000 CHF to my alma mater in India. My institution will leave a certificate of tax-free donation. Most of my friends living in Europe and US are saying that they can get tax-benefit for this kind of donation, but I am unable to understand how does it work here. Thanks in advance for all your help and Wish you all a merry Xmas!
Hello everybody! Need an information from the expert community here: are the non-profit donations tax-deductible? If so, how to get the tax credit given that I am tax-deducted at source (TDS)? I would like to donate 2000 CHF to my alma mater in India. My institution will leave a certificate of tax-free donation. Most of my friends living in Europe and US are saying that they can get tax-benefit for this kind of donation, but I am unable to understand how does it work here. Thanks in advance for all your help and Wish you all a merry Xmas!
santosh aDec 25, 2017 @ 22:52
Hi!
Donations to institutions with social or charitable purpose are deductible from your taxable income up to certain limits. However these institutions must be Swiss legal entities and qualify for tax exemption.
Best regards,
Andre
Hi!
Donations to institutions with social or charitable purpose are deductible from your taxable income up to certain limits. However these institutions must be Swiss legal entities and qualify for tax exemption.
Best regards,
Andre
André Graf, Dec 27, 2017 @ 11:16