What are the benefits for BF?

In the event that an individual provides charitable assistance to non-profit organizations entered in the Register of Non-Profit Organizations and Institutions (published on the website of the State Tax Service), during 2022 such a person is entitled to a tax discount in an amount not exceeding 16% (previously 4%) of the amount total annual taxable income.

Documented expenses in the form of money or property that were voluntarily transferred for defense needs to the Armed Forces of Ukraine, the National Guard and other bodies are included in the expenses that can be taken into account in the event of a decrease in income from independent professional activity, as well as the expenses of the FOP (except for persons who are on the simplified system).

If the company transfers aid to non-profit organizations included in the Register, additional tax does not need to be paid, provided that the amount of monetary aid (cost of goods) does not exceed 4% of the company's taxable profit of the previous reporting year. If it exceeds, tax will be charged on the difference.

Charitable aid transferred to hospitals and to special accounts of the National Bank can be attributed to expenses without restrictions.

During the period of martial law, non-profit organizations are allowed to:

• transfer property, provide services, use income to finance expenses not related to the organization's activities, provided that such services or property are provided to ensure defense;

• transfer funds to special accounts opened by the NBU for collecting funds.

Such assistance will not be considered a violation of the requirements for the activities of non-profit organizations and will not be grounds for excluding the organization from the Register.