SLIDER Como colaborar fundacion de niños con cancer

Fundraising program/Monetary donations

You can donate to the following accounts:

1. Deposit into our accounts

You can make a direct contribution by depositing in our bank accounts to

Fundación Amigos del Niño con Cáncer
RIF J-31193531-2

BANK / TYPE OF ACCOUNT/ NUMBER

VENEZUELA                CURRENT        0102-0479-89-00-04762441
PROVINCIAL               CURRENT        0108-0002-16-0100000580
MERCANTIL                CURRENT        0105-0080-01-1080271813
BANESCO                   CURRENT        0134-0031-85-0313070131
EXTERIOR                   CURRENT        0115-0016-16-0160106452
BANCO ACTIVO         CURRENT        0171-0002-52-6000068085

If you have made a deposit or bank transfer to any of our accounts, please contact us at (212) 577-4710 / 577-4412 / 575-4610 through Donation Department or send an email with all the transaction data to: funamigo@cantv.net

2. Pay on MisPagosProvincial with a credit card

You can donate with a credit card from any bank using the button Mis Pagos del Banco Provincial by clicking on: https://mispagos.provincial.com/ Next, notify this bank transaction at (212) 577-4710 / 577-4412 / 575-4610 through Donation Department or send an email with all the transaction data to funamigo@cantv.net

Tax Benefits of Donating

Donations have their legal basis in Article 27, Paragraph 12 and 13, of the Law on Income Taxes. The aforementioned Article talks of Deductions on donations and Liberalities.

Art.27, Paragraph 12: Liberalities should pursue charitable as well as assistant purposes, and donations must be made on behalf of non-profit institutions that make use of them in compliance with the established purposes. Similarly, the following parameters are set in the aforementioned Article:

Art.27, Paragraph 13: Limitations to donations calculated before they are deducted:

Ten per cent (10%), when the tax payer’s net income does not exceed 10.000 tributary units (TU) and eight per cent (8%) per portion of net income that exceeds 10.000 TU.

One percent (1%) of the net income in those cases in which the tax payer’s income comes from Oil & Mining.

It is important to point out that Donation represents the transmission of a property or patrimony through a public document in favor of the Venezuelan State. Donations from a natural person for medical and charity purposes to the Foundation must be included in the deductions to calculate the tax.

On the other hand, Liberalities correspond to the money in cash the entrepreneur and the tax payer donate for the purposes of collective utility and corporate Social Responsibility in favor of non-profit institutions with charitable and assistance objectives. A receipt will be needed as a proof of payment.

Established Legal and fiscal procedures:

1.- Contract/Agreement:

A donation can represent a liberality (cash) or tangible or intangible properties. For the donation to be formalized and valid according to the legal basis on the Articles 1.439 and 1.440 of the Venezuelan Civil Penal Code, which establishes a contract/agreement of donation that does not need to be notarized. Said contract needs to be signed during the delivery-reception act in which the two parties, Donor and Recipient, agree with the terms.

In the case of real state donations, it must be protocolized in a public document in accordance with the Civil Code.

2.- Letter of Donation Acceptance.

The corporations send a letter addressed to the Foundation or Association indicating the property donated to be signed and sealed by the Recipient as a signal of acceptance.

According to the norms, we should demand public entities, foundations, non-profit corporations etc. a letter in which the acceptance of the donation is expressed. If the acceptance is not properly expressed, the donation may be considered null (Articles 1.439 and 1.449 of the Civil Code), and won’t count as a support except for the request of medicines by the Recipient.

3.- Issuing invoices for corporate donated goods.

Donation consists of gratuitously transferring the ownership of a good and, in the case of donating goods that are part of the inventory, it is mandatory to issue an invoice and even charge VAT (Article 31RLIVA). Bear in mind that, even though the good removed from inventory has already been taxed, the tax must be generated and the taxable base will be the sales price of such good according to Article 43 of Regulations of the Law on Value-Added Tax (RLIVA). Therefore, in accordance with the norm, a donation must generate a receipt even though the transaction has a value equal to zero bolivares.

Similarly, in compliance with Article 4 numeral 3 of Law on Value-Added Tax (IVA), the transfer of the ownership of a good, whether free of charge or not, is considered a sale. It must be concluded that the fact of gratuitously transferring (or donating) a good does not affect the concept of the sale, and this generates the obligation of issuing an invoice and charge VAT in the case of a good subjected to that tax.

4.- Registration of invoices within the Sales Ledger of Donated Goods.

In accordance with Article 31 of the Regulations of the Law on Value-Added Tax (RLIVA), the invoice issued (being this case the concept of donation) must be registered under a special column on the Sales Ledger. This registration must be kept for accounting purposes and should not affect other sales of the business.

5.- Donation deduction, limits and conditions:

Corporation, as donors, can deduct from the gross income the amount for the donations and liberalities if:

They fulfill the requirements established in Paragraph 12th, Article 27 of LISLR.

They apply the percentage limits established in Paragraph 13th.

The beneficiary is established in the country.

The corporation has not suffered loss in the immediately preceding period in which the liberality or donation took place.

It must be pointed out that those donations that exceed the limits established in Article 27 Law on Income Taxes (LISLR), will be considered NON DEDUCTIBLE for the purposes of ISLR, and makes it necessary to implement policies for donations in the corporation so as to manage those tops and avoid an increment in the income tax expense for this item.

Non-profit entities that receive donations in cash must submit a copy of the corresponding ISLR qualification and the registration exemption issued by SENIAT (Single Paragraph of Article 14 of ISLR); otherwise, the corresponding withholding will be applied.

For the purpose of determining the rent net to calculate tax payers’ ISLR (rent tax) and deducting the costs of donations and liberalities, the following conditions must be met or verified:

Tax payers must have their residence in the country (Paragraph 12th, Article 27 of LISLR).

The corporation has not suffered loss in the immediately preceding period in which the liberality or donation took place.

Tax payers did not suffer loss in the immediately preceding period in which the liberality or donation took place.

They haven’t had losses during the current financial year. In other words, if they don´t have gross income because there were no losses, the liberality or donation cannot be deducted.

The donation was effectively made during the fiscal year.