TAX-DEDUCTIBLE DONATIONS
ARE DONATIONS TAX-DEDUCTIBLE?
ARE DONATIONS TAX-DEDUCTIBLE?
The answer is YES, and in order to do so, you must make the donation to an authorized entity registered and approved by the SAT as an authorized donee, as we are with VORTEX ARTE Y CULTURA A.C., the co-organizing association of ATLAS México Festival.
Please note that Mexican individuals, including salaried workers, and legal entities established in Mexico, can deduct 100% of their donation, provided it does not exceed 7% of their taxable income from the previous fiscal year if you are an individual, or 7% of the taxable profit from the previous year if you are a legal entity
Learn about our approval as an authorized donee (PDF Official letter).
HOW TO MAKE THE DONATION DEDUCTIBLE?
In order to do the donation deductible you must request the fiscal receipt that validates the transaction. The type of receipt is an income receipt and the payment method must be in a single installment. For individuals, the use of CFDI will be D04 which corresponds to donations, in the case of legal entities, it will be issued as G03 for general expenses.
Additionally, the CFDI will include the donation complement, with the number and date of the authorization letter, along with the statement: “This voucher covers a donation, which will be used by the donee for purposes related to their corporate mission.” Finally, the tax deduction for donations allows taxpayers to reduce their taxable base, thus decreasing the amount on which the Income Tax to be Paid is calculated.
By making a donation you are helping Mexican creators to have access to programs that update their physical practices, enabling them to stay at the forefront and continue their efforts in promoting the performing arts in Mexico.
sponsorships / donations
Program "Looking for sponsorship"
How does it work?
If you are an artist:
● Find your potential Sponsor (It could be a company, university, academy or friends or family).
● Confirm who your sponsor will be and the amount they will provide.
● Ask them to transfer the amount to the Civil Association's bank account.
● ATLAS México Festival through VORTEX ARTE Y CULTURA A.C will issue the donation receipt (as an authorized donor association, we issue donation receipts that are 100% tax-deductible)
● The contributed amount will be credited toward your registration fee.
We believe that this program could help you cover the expenses to participate in the event.
who can make donations?
● According to the mexican law any individual of moral entity that pays taxes in Mexico can make donations to accredited associations such as authorized donors, having a limit of maximum 7% of their income from the previous fiscal year.
If you want to donate:
● Select the amount or category of your donation
● Make your contribution and you will receive your donation receipt (Receipt issued by our authorized donor association registered with the SAT)