Patronage

Culture provides direct economic benefits, creating wealth, job growth in the cultural sector, expanding the sector as a whole, attracting investment promoting and enhancing sustainable development and integration and expanding internationalization.

It is the main pillar of Tourism, on a European scale, representing 5.5% of GDP, in a sector where Europe holds 55% of the global market.

Culture means to the sponsor a strategic choice of marketing prestige to enhance the companies’ image, giving them a personality and a singular position in the market.

WHAT IS THE CULTURAL PATRONAGE?

To the traditional concept of protection for artists and the arts, as purely philanthropic, was added a modern set of incentives of a fiscal nature, which are reflected in the reduction of taxes to those who contribute to the cultural development of the country

WHAT MEANS TO BE A CULTURAL PATRON?

It is awarded to individuals or legal entities who support, through the granting of donations, public or private entity performing actions relevant to the development of Portuguese culture.

THE ADVANTAGES OF BEEING A CULTURAL PATRON

Prestige and personal fulfillment resulting from the association to cultural, qualified and relevant cultural projects.

The benefit of tax incentives provided for in the Statute of Tax Benefits (EBF), in reducing the tax on corporate income (IRC) and Individuals (IRS).

THE LAW APPLIED TO PATRONAGE

The Status of Tax Benefits, approved by Decree-Law No. 215/89, from July 1, as amended by Law No. 53-A/2006 of December 29.

DONATIONS THAT ARE COVERED BY STATUTE OF PATRONAGE

Donations in cash or in kind, granted to public or private nonprofit entities whose project is predominantly in the completion of cultural initiatives.

WHICH TAX BENEFITS ARE EXPECTED FOR DONATIONS GRANTED TO PUBLIC ENTITIES?

Legal persons (CIRC): Acceptance as costs, the entirety of the donations granted, increased by 20%. The donations allocated under contracts awarded for specific cultural purposes benefiting from an increase of 30%.

Individuals (CIRS): Introduction to the collection of donations given (increased under the scheme applicable to legal persons) in value of 25%.

REQUIREMENTS NEEDED FOR RECOGNITION OF TAX BENEFITS

In the case of donations given to the State, the tax benefits are automatic, and it is not required any recognition. Exception made to private foundations, with respect to its initial endowment, to continue the purposes of cultural and whose statutes provide, in case of extinction, the reversal of its assets to the State or its disposal to entities covered by Article 10 of the CIRC. In this case, is required the recognition of the Ministers of Finance and Culture.

FOR MORE INFORMATION CONTACT:

National Museum of Contemporary Art   - Museu do Chiado
Rua Serpa Pinto, 4. 1200-444. Lisbon. Portugal
t. + 351 213 432 148 / f. + 351 213 432 151
Email: mnac-chiado@ipmuseus.pt