Post by account_disabled on Mar 6, 2024 22:13:16 GMT -5
Every natural person who carries out an economic activity in spain has the opportunity to reduce the amount they will pay in the following year's personal income tax return by up to 130%, if they make a contribution to cultural projects that are developed in the country. This initiative of the ministry of culture and finance supports the audiovisual, musical and artistic sector and at the same time frees self-employed workers from tax burdens. By taboolayou may like not even primark: sweaters and pants at bargain prices at el corte inglés to offer first-class advice on this type of personal income tax procedures for self-employed individuals or companies, the proincentiva group , as a subsidiary of the ventas legal law firm, focuses on the creation of synergies between the business and cultural worlds.
Synergy specialists proincentiva is made up of a multidisciplinary team of expert lawyers and economists who combine their knowledge with entrepreneurs and cultural creatives to generate the necessary synergy that, on the one hand, promotes the monetization of producers' costs and, on the Venezuela Mobile Number List other, offers opportunities . Tax savings for the self-employed and companies . The tax benefit is reflected in article 39.7 of the corporate tax law, which establishes that any company or self-employed person that supports cultural projects will have the right to a deduction of between 120% and 130% of their personal income tax or income tax Societies.
This means that not only tax savings are generated, but up to 30% profitability, since the private sector recovers the contribution plus a capital gain. The regulations represent one of the most interesting tax saving formulas that exist in spanish tax law, which has the endorsement of the ministry of culture and the tax agency . Personalized service proincentiva will seek for each of its clients the cultural project that best adapts to their reality and that at the same time provides them with prestige and visibility as a taxpayer. An example of reducing the tax burden for the self-employed is when the individual must pay €40,000 in personal income tax for the profits generated and decides to contribute €20,000 to a cultural project.