MORE INFORMATION AND LEGAL NOTICE:

Neither the simulator nor the information of a tax nature that is included in this informative note constitutes professional tax advice, it being the sole responsibility of the user to analyze their specific tax situation and the tax consequences that derive from the fact of making donations in favor of the Foundation.

Con fecha 1 de enero de 2015, entró en vigor la reforma fiscal aprobada por Ley 27/2014 de 27 de noviembre, del Impuesto sobre Sociedades, que contempla incrementos en los tipos de deducción aplicables a los donativos realizados a Fundación ONCE según la normativa aplicable recogida en la Ley 49/2002 de 23 de diciembre de régimen fiscal de las entidades sin fines lucrativos y de los incentivos fiscales al mecenazgo.

1. 1. Physical persons:

   The increases in deductions for donations for individuals are:

   • Increase from 25% to 75% for the first 150 euros, establishing a transitory percentage of 50% for 2015.
   • Increase from 25% to 30%, for the excess over the first 150 euros, establishing a transitory percentage of 27.5% for 2015.
   • The last percentage will increase from 30% to 35% when donations are made to the same entity for 3 consecutive years, for an amount equal to or greater, in each of them, than the previous year, establishing for 2015 a transitory percentage of 32, 5%.

2. 2. Legal persons:

   The types of deduction in Corporate Tax remain the same, being modified only in the case that donations are made to the same entity during 3 consecutive years, for an amount equal to or greater, in each of them, than the previous year, going from 35% to 40%, establishing a transitory percentage of 37.5% for 2015.

Observations:

• The reform only applies to natural and legal persons residing in common territory, and is not applicable in the Basque Country and Navarra. The Foral Treasuries of Álava, Vizcaya, Guipúzcoa and Navarra will establish the deduction percentages applicable from 2015 to natural and legal persons who have their tax domicile in said territories.
• The base of the deduction, which in the case of monetary donations coincides with the amount donated, may not exceed 10% of the taxable base (in the case of natural persons) or of the taxable base (in the case of legal persons)".
• The simulator does not include in the calculation the increases in deduction for recurrence for at least three years.
• The simulator does not include the assumption of recurrence as it would make its use more complex by the user.
• The General State Budget Law for the year 2016 has granted the status of Priority Patronage Activities to the activities carried out by the ONCE Foundation within the framework of the "Opportunity for Talent" Scholarship Program, as well as the cultural activities developed in the framework of the Biennial of Contemporary Art, the Cultural Space "Cambio de Sentido" and the traveling exhibition "El Mundo Fluye". Donations for these activities will have a 5% increase in the deduction percentage and in the limits mentioned. The simulator does not contemplate this possibility due to its temporal exceptionality.