Culture Promotion: How Companies Can Benefit

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The kind bonus was introduced in 2014 to encourage companies, but also private individuals, to donate for cultural purposes. Specifically, it is a tax credit of 65 percent. "This means that a donation of 1,000 euros reduces their own tax debt by 650 euros, for example," explains WIKU tax expert Hubert Berger. "The kind bonus is thus more advantageous than other donations, where the tax credit is usually between 19 and 35 percent.