How Much Good Can My Tax Form Do?
If your total donations amount to €250 or more in a year (for example, just €21 a month), they could be worth at least an additional €112 in tax relief—enough to fund vaccinations for a rescued animal!
Here is how it’s calculated:
- The rate of tax relief for charities is a blended rate of 31%, no matter your personal tax rate.
- The gross donation is calculated as 100% / (100% – 31%) = 144.93% of the net donation. Here is how this would apply to a kind donation of €250: 250*100/69 = €362.32. The tax refund will be €362.32-€250 = €112.32.
Here are other example examples:
Donation Amount |
Additional Value from Tax Relief
|
Value After Tax Relief is applied |
€250 |
€112 |
€362.32 |
€500 |
€224.66 |
€724.64 |
€750 |
€337 |
€1,086.99 |
€1,000 |
€449.29 |
€1,449.29 |
Remember: only you can unlock the tax relief on your gifts. Without it, this extra, urgent help for Ireland’s vulnerable and neglected animals will be lost forever.
If you have any questions, please don’t hesitate in reaching out to Joana on [email protected] or 1800 911 190.