Donations
Donations and tax deductions
The University of Luxembourg is allowed to receive
tax deductible gifts
on the part of donors within the limits stipulated in articles 109 and 112 of the Income Tax Act.
These gifts are deductible as special expenses, paid in currency or in kind.
In order to be deductible as special expenses,
the annual total of the donations must be equal to or greater than € 120
. Nonetheless, the annual deduction under the heading of donations and gifts
may not exceed 20% of total net income, or € 1,000,000.
A tax receipt is issued by the University of Luxembourg for every gift.
Kind of gifts
It is up to the donor to decide on the kind of donation he wishes to give. They may be used for different purposes, more specifically, for instance:
- For financing scholarships intended for deserving students
- For financial support of academic seminars and conferences
- For financing research projects
- For financial assistance provided to students in need.
The gifts may also come from companies wishing to finance a chair of research
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The donors
Every donor may, if he wishes, be mentioned on the university’s website.
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The first donor: Mr. Joël Berend-Biever
Mr Joël Berend-Biever contributed an amount worth
€ 4,000 to Katarina Birosova
for
the excellent academic marks
she had received. This student, studying for a master’s degree in law, was rewarded on the occasion of the beginning of the university’s 2010/2011 academic year. This particular scholarship given to this student is to be awarded to a student (male or female) coming from one of the 12 new Member States of the EU on the basis of his or her university marks
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Practical Information
For more information on tax deductions
http://www.impotsdirects.public.lu/az/l/libera_dons/index.html
Bank account of the University of Luxembourg:
IBAN : LU19 0019 2955 5270 5000
BIC : BCEELULL
Contact
donations@uni.lu
