Tulip Foundation is registered as a public benefit organisation at the Central register of the Ministry of Justice № 20050921005. The foundation provides donors with a contract for donation that gives right to tax relief and a copy of the Certificate for registration of Tulip Foundation at the Central register of non-profit public benefit organisations. Donations to Tulip Foundation are tax deductible based on the Corporate Income Taxation Act /CITA/.
Art. 31 by CITA:
(1 ) Expenses for donations are tax deductible up to 10% from the positive accounting financial result (accounting profit) when the donations are done in favour of non-profit organizations, registered at the Central register of non-profit public benefit organizations.
(5) The total amount of expenses for donations recognized for tax purposes based on art. 1 - 4, shall not exceed 65% from the accounting profit.
