Tax return 2021 in San Marino: the art bonus starts
From the 2021 tax return it will be possible to enjoy at least a couple of important innovations in San Marino for both individuals and legal entities.
The first is the Art-Bonus Tax Credit. The art. 19 of Law no. 223/2020, in fact, introduced a tax credit equal to 65%, of the donations in support of culture, for maintenance, protection and restoration of public cultural assets, for the support of the University, institutes and places of public culture, lyric-symphonic foundations and traditional, national, culturally interesting theaters, festivals, companies and theatrical and dance production centers, as well as distribution circuits “of instrumental ensembles, of concert and choral societies “and for the construction of new structures, the restoration and strengthening of existing ones of public bodies or institutions which, without profit, carry out exclusively artistic activities and in the show, in addition to the full deductibility of amount paid. The credit is recognized to individuals and non-commercial entities within the limit of 15% of taxable income, – to subjects with income within the limit of 10 per thousand of annual revenues. (…)
Article taken from La Serenissima