According to the law ‘’On Resident Income Tax’’, when donating to associations, foundations and religious organizations registered in the Republic of Latvia, that have been granted the status of a public benefit organization according to the Law of Public Benefit Organizations, the amount of donations is deducted from the annual taxable income. However, the amount can not exceed 20% of the taxable income. To receive refunds for donations, You must: - complete annual income declaration, specifying the amount of donation, and submit it to SRS; - preferably submit a copy of the decision of Ministry of Finance on granting a public benefit status to SOS Children’s Villages association to SRS; - submit SRS documents that confirm the amount of donation to SOS Children’s Villages association in Latvia (cash payment order, bank payment order – these documents should be preserved for three taxation years).
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Latvia's SOS Children’s Villages association
Zemitana square 5, Rīga, LV 1006
Reg. Nr. 40008029381
Frequently asked questions
Can I receive tax deduction as an individual?
Can I receive tax deduction as a legal person?
According to the law on Corporate Income Tax, when donating to budgetary institutions, associations, foundations and religious organizations registered in the Republic of Latvia, that have been granted the status of a public benefit organization according to the Law of Public Benefit Organizations, have the right to receive income tax credit. The property or funds transferred by a payer, based on a contract, to a budgetary institution or public benefit organization (for which the status has been granted according to the Law of Public Benefit Organizations) for the purpose of attaining the objectives stated in an organization’s statutes, constitution or by-law can be considered a donation if the recipient is not required to take action that can be considered a reward. According to the law, tax credit does not apply if under the objectives of the donation, which are designated for the recipient, is any implicit or explicit reference to the specific recipient, which is a company or person related to the donor, an employee of the donor, or said employee’s family member. To receive the tax credit, this legal person must: - complete annual corporate income tax declaration, specifying the amount of donation; - submit the declaration to SRS; - submit to SRS a copy of the decision of Ministry of Finance on granting a public benefit status to SOS Children’s Villages association and documents that confirm the amount of donation donated to SOS Children’s Villages association in Latvia (cash payment order, bank payment order, which the legal person must preserve for five taxation years).
Who to turn to if I want to change the regular donation?
If You wish to change the regular donation value or date or cannot continue supporting children from SOS Children’s Villages for whatever reason, please contact firstname.lastname@example.org call 67672538
Who requires my contact information?
We process the data provided during the donation process according to Physical Personal Data Protection law. The data is required to execute the donation process and in case of neccessity, we can use them for further written (including electronic) or phone communication.
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