Entrepreneurs will be able to include donations made for combating COVID-19 in their tax returns. It will be possible to deduct the donations (in cash or in kind) made to entities performing health care activities, including sanitary transport, as well as those made to the Material Reserves Agency and the Central Sanitary and Anti-Epidemic Reserves Base.
If these donations are made by entrepreneurs before April 30, 2020, an amount corresponding to 200% is deducted, in May 2020, an amount equal to 150% is deducted and from June 1, 2020 to September 30, 2020, an amount equal to the value of the donation will be deducted. The full amount of the donation will be subject to an income tax deduction, provided that it is documented by a proof of payment to the recipient’s payment account or bank account and, in the case of in-kind donations, by the recipient’s declaration of acceptance and proof of value and identification of the donor.