Deduct your donations from the taxesAll individuals are able to deduct from their taxes any cash donations made to public interest organisations who have their headquarters in Switzerland (Art.33, al 1, letter of federal law passed on 14th December 1990 on direct federal taxation / LIFD; SR 642.11). Payments made during the fiscal year have to be in excess of 100 francs. From 2006 it is possible to deduct 20% from net income (Art. 33 a LIFD). This law also applies to companies. They are entitled to deduct 20% from their net profits. |



