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Tax breaks

 

ART BONUS:

What is the Art Bonus:
The CULTURE DECREE (DL 83/2014, converted into L.29 July 2014, n. 106) introduced a tax credit in favor of the subjects who carry out liberal disbursements in favor of the lyric-symphonic foundations of institutions/public institutions that, non-profit, carry out exclusively activities in the musical theatre.

The tax credit is 65% of the amount paid in course of the year; it cannot exceed, for private individuals 15% of taxable income and, for companies, 5% of revenues.