Tax law WRT charities

Information and questions about the Law in Spain and Andalucia.
ashtondav
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Tax law WRT charities

Postby ashtondav » Wed Mar 08, 2017 3:38 pm

In the UK the situation is clear. A charity has tax exemption on any surplus.

What is the situation in Spain? For example:

2016
Fundraising €10,000
Cost of events €8,000
Surplus €2,000

2016 Donation to good cause: €2,000

Balance: zero

Is there a tax liability?

Alternatively

2016
Fundraising €10,000
Cost of events €8,000
Surplus €2,000

Balance: €2,000

But donation (of €2,000) not made until 2017

Is there a tax liability?

In other words what are the tax liabilities of a charity?

Please no speculation, simply an answer from someone with experience of accounting for a Spanish charity AND abiding by Spanish tax law clearly communicated by a tax professional.

Thanks.

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