Income tax - 66% tax deduction
66% of your donation is tax-deductible from your french income tax, ceiling of 20% of taxable income.
* You donation must be made before 31 December 2020
* Your donation exceeds this amount? The surplus can be spread over 5 years in the same conditions.
Amount of your donation
50 €
150 €
300 €
500 €
Your tax deduction
33 €
99 €
198 €
330 €
Real cost to you
17 €
51 €
102 €
340 €
Wealth tax on real estate - 75% tax deduction
In 2018, the French wealth tax (ISF) has been replaced by a wealth tax on real estate called IFI.
The IFI only concerns property assets not linked to a professional activity.
You owe this tax when the taxable net value of your property assets exceeds €1.3M as of January 1st 2020.
*Permanent residence (or tax domicile): allowance of 30%
Donations to the ESCP Foundation are still tax deductible: 75% of your donation is tax-deductible in the limit of €50 000 which means a maximum donation of €66 667.
* You have to donate before the deadline of your tax return (see below).
There is no separate declaration. You must declare your IFI with your income tax by completing the appendices and evaluating your property assets.
2020 deadline (update 31.03.20):
IFI declaration and donation:
4 June: deadline for online tax return – departments from 01 to 19, Monaco and non-residents
8 June: deadline for online tax return – departments from 20 to 54
11 June: deadline for online tax return – departments from 55 to 976
12 June: deadline for paper tax return
Divide the amount of your IFI by 0.75 to obtain the amount of the donation which reduces your IFI to zero.
Amount of your IFI
500 €
2 000 €
5 000 €
50 000 €
Amount of your optimal donation
667 €
2 667 €
6 667 €
66 667 €
Your IFI after tax deduction
0 €
0 €
0 €
0 €
Income tax / Corporate tax - 60% tax deduction
Companies subject to income tax or corporate tax benefit from a tax reduction equal to 60% of donations, subject to a ceiling of 5‰ (5 per thousand) of their annual turnover. For donation higher than 2M€, the tax reduction is equal to 40% for the upper part to 2M€.
If the donation is higher than this amount, it is possible to carry the surplus forward over the next five tax years, depending on the donations made every year.
NEW: the new 2020 finance law allows SMEs and VSEs to use an alternative ceiling of €20,000 under certain conditions. Please contact us for further information.