When a company or an individual donates to the organisation, the donor can only claim tax relief with a proper receipt. Issuing the receipt is the task of the recipient organisation, and if it is incomplete, the donor’s relief may be lost. Our guide summarises what a donation receipt must contain, when it must be issued, and what the organisation should watch in its records.
In brief
- The receipt states the name, registered address and tax number of both parties, the amount of the donation or the value of the in-kind donation, the purpose of the donation and the legal status of the organisation.
- For in-kind donations, the valuation must be documented.
- The receipt must be issued in the year of the donation, at the latest before the donor prepares its annual accounts.
- If the organisation provides something in return for the donation, it is no longer a donation but a service, and it is taxed differently.
Full version of the guide
We send the detailed guide, together with a template, to our clients by e-mail. Request it at info@adiutofortis.hu.