About the Charitable foundation
BeOpen is an independent public organisation devoting its activities primarily to charity and support for the most socially vulnerable parts of the community, with particular focus on children with special needs. The founder of the charitable foundation is BluOr Bank, which supports the operation of the foundation, thereby asserting its social responsibility
The fund is open to new cooperation and is thankful to each new donor that supports our projects and shares our idea of doing good deeds together.
BeOpen operates on the basis of its articles of association, as well as defined guidelines and priorities. It has public benefit organization status, allowing contributors to receive income tax rebates.
BeOpen does not charge any commission. 100% of all amounts donated go towards the stated charitable goals. The fund’s administrative costs are not covered by donations.
Charity Foundation BeOpen
Reg. No. 50008218201
Address: Smilšu iela 6, Rīga, LV-1050, Latvija
Account No. LV59CBBR1123215500010
BluOr Bank AS
Ingrīda Šmite, Member of the Board, Charity Foundation BeOpen
Regarding tax benefits for donors contributing to the charitable foundation BeOpen
Charitable foundation BeOpen has the been granted the status of a Public Benefit Organization (SLO), allowing donors to receive tax benefits on personal income tax.
During the spring, when submitting your annual income declaration to the State Revenue Service, all donations made in the previous year can be declared under the justified expenses section (where medical and educational expenses are also reported). The limit is up to 600 EUR per year. You can claim a 20% personal income tax refund from this amount.
To claim the overpaid personal income tax, you need to attach documentation confirming your donation (bank payment order).
If a legal entity makes a donation, there are three options for tax benefits:
• during the tax assessment, do not include the donation amount in the taxable CIT (corporate income tax) base if it does not exceed 5% of the profit for the previous reporting year.
• during the tax assessment, do not include the donation amount in the taxable CIT base if it does not exceed 2% of the total gross salary amount of the employees from which social insurance contributions are paid.
• during the tax assessment, reduce the CIT amount calculated for distributed dividends by 85% of the donation amount but not more than 30% of the dividend tax amount. In this case, the donation amount does not reduce taxable income but does reduce the dividend tax.