The approval in Congress of the new Patronage Law is celebrated by La Plataforma pel Patronage

The Patronage Platform celebrated the approval on April 26 in the Congress of Deputies of the new Patronage Law. Led by the Fundació Catalunya Cultura, the 180 entities from the cultural, social and research fields that make up the campaign have expressed the satisfaction of the non-profit entities towards the text: "Recognize solidarity and private participation in the public interest". The law is an initiative of the PDeCAT which, from January 2024, will replace the previous legislation in this matter, with new fiscal incentives for patronage (increases in the personal income tax deduction for natural and legal persons) and with the inclusion of new concepts (service donations and reward patronage), among other novelties.

The patronage bill was approved in committee in the Congress of Deputies this Wednesday, after last week PSOE, PODEM and PDeCAT announced full agreement on its terms, including a deduction of up to 50% for called sustained patronage. It is scheduled to enter into force in January 2024.

The rule increases the deduction percentages for patronage. In the case of natural persons, it raises from 150 euros to 250 the basis on which 80% of the donation can be deducted from personal income tax, and the rest will have a 40% deduction (instead of 35%). In the case of legal entities, the Corporation Tax deductions also go from 35 to 40%. In the case of sustained patronage, the deduction increases to 45% for natural persons and 50% for legal persons (until now it was 40%) provided that the same donation has been made in the previous two years.