How do tax-deductions on donations to Hanken work?
Donations of and between 850 and 250 000 euros are tax deductible only from companies. Donations from companies are recorded with the tax administration authorities by the donating company.
If a corporation's taxable earnings amount to 20 000 euro, a donation of 2000 euro means 18 000 euro will be taxed. Note that this does not apply to open-ended investment companies or limited partnership business entities.
When making a donation, a deed of gift must be submitted.