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Belgian residents made record donations to charity last year

Belgian residents made record donations to charity last year
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New figures show a record number of Belgian residents made a donation to charity in 2020 - in a year when many people's income was hit hard by the coronavirus crisis.Some 960,110 Belgian taxpayers made at least one charitable donation last year, according to data from household tax returns.The number of Belgian residents who report donations in their tax return has increased year after year. Five years ago, the figure was 724,819.Donations of at least €40 are rewarded by the taxman. Normally they attract a 45% tax reduction, meaning a €40 donation costs €22 in real terms.But last year, the tax relief on charitable donations was increased to…

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Bekijk het volledige nieuwsbericht rechtstreeks bij The Bulletin.

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