|Entrepreneur, did you know you can donate part of your GST? If you donate €100, you can reduce your dividend tax by €60 and only €40 is your actual donation!|
Taxpayers can choose to apply one of three types of tax relief during the tax year: rb.gy/3bcw0w
The figure below shows relief type 3, which is to reduce the corporation tax chargeable in the tax period on dividends calculated in the accounting year by 60 per cent (85% of the amount donated and 25% as non-economic expenses, resulting in a benefit of 60%) of the amount donated.
LOOK OUT! More information on corporate tax relief for donors https://rb.gy/3rimfb