The Bulgarian Red Cross National Charity Fund was established in 1989 under government decree №46 of the Council of Ministers. The Fund provides financial support to vulnerable people of low socioeconomic position, and to specialized institutions for elderly people and for children. According to the Regulations for allowing payment out of the Charity Fund financial support is approved only upon request and after filling in a declaration and a social survey for every single case.
- Funds Distributed
|Year||Funds Raised||Funds Distributed||Beneficiaries|
|2009||33 981 BGN||35 603 BGN||251|
|2010||59 016 BGN||57 408 BGN||307|
|2011||41 179 BGN||32 354 BGN||263|
|2012||32 606 BGN||41 447 BGN||288|
|2013||51 194 BGN||51 194 BGN||327|
|2014||60 756 BGN||56 407 BGN||283|
|2015||59 557 BGN||53 732 BGN||245|
|2016||69 227 BGN||52 020 BGN||293|
|2017||84 438 BGN||60 737 BGN||290|
|2018||55 212 BGN||87 505 BGN||237|
|2019||65 912 BGN||70 847 BGN||247|
|2020||46 721 BGN||39 342 BGN||223|
І. Tax relief for donations in favor of the Bulgarian Red Cross, made by individuals under the PITA (Personal Income Taxes Act):
The tax reliefs provided for in Article 22, paragraph 1, item 1, item “i” of the PITA are expressed in the fact that the amount of the annual tax bases is reduced by donations made during the year to 5 percent in favor of the Bulgarian Red Cross.
ІІ. Tax relief for donations in favor of the Bulgarian Red Cross, made by legal entities under CITA (Corporate Income Tax Act):
The tax reliefs provided for in Article 31, paragraph 1, item 10 of CITA are expressed in the fact that for tax purposes are recognized accounting costs for donations in the total amount of up to 10 percent of the positive accounting financial result (accounting profit), when the expenses for donations are made in favor of the Bulgarian Red Cross.