01. September 2023 Charitable contribution may be tax deductible even if return ... According to a decision of the Supreme Tax Court, the mere fact that a foundation returns the amount it previously received from the donor to the latter within a short period of time as an interest-bearing loan and uses the interest income earned to promote its tax-privileged statutory purposes is not in itself a reason to deny the tax-deductibility of the contribution as donation. Kategorien: Supreme Tax Court casesSchlagwörter: donations, charitable organization
30. Dezember 2022 Donation receipts for membership fees to music club not reco ... Membership fees paid to a charitable organization that promotes cultural activities which mainly serve the furtherance of recreational and leisure activities are not deductible as special personal expenses for income tax purposes. Kategorien: Supreme Tax Court casesSchlagwörter: membership, donations, charitable organi ...
26. Juli 2021 British university college recognized as charitable foundati ... An ancient english university college may meet the requirements of a charitable foundation under German law and be exempt from corporate income tax because of its non-profit status. In its decision the Supreme Tax Court also found that the legal structure of the college is equivalent to that of a German foundation within the meaning of Sec. 80 (1) of the German Civil Code. Kategorien: Supreme Tax Court casesSchlagwörter: british university college, charitable o ...
