With the worsening social inequalities as a result of the pandemic we are living in, the role of Social Economy Entities has become more important and it is everyone’s responsibility to not leave anyone behind. With the IRS Consignment and without any additional costs, we can help nearby social organizations that need our support more than ever.
So, as usual, GRACE - Empresas Responsáveis is once again promoting an awareness campaign, reinforcing the importance of donating 0.5% of your personal income tax, which would go directly to the state. All the materials are available in the GRACE Hub so that our Associates can also join in promoting the initiative.
What is it?
The IRS consignment allows each citizen to donate part of the tax they pay (after deducting from the total tax) through the IRS to a charitable organization, instead of delivering it entirely to the state.
Thus, from a list of beneficiary organizations provide by the AT, you can choose the one you want to support, without any cost (i.e. if you get a refund, you will not receive less for donating and if you have to pay additional tax, you will not pay more).
Which organizations can you support?
● Religious institutions;
● Private social solidarity institutions;
● Legal entities of public utility for environmental purposes;
● Cultural institutions with public utility status.
How do you do it?
The IRS consignment is done during the tax return submission period in a very simple way.
The selection of the entity can be made in the Automatic IRS or in the tax return (Form 3, cover sheet, box 11), and must always be indicated:
- Type of organization you want to support
● NIF of the entity
● Type of consignment: "IRS" or "VAT" or both
In the case of Automatic IRS, the consignment is made in the "Pre-settlement" area.
The list of entities authorized to benefit from consignment is available on the Finance Portal.
Once again, we would like to thank Call to Action, the PHC Foundation, Grafe and Sair da Casca for their support.
