S.L. 123.214 ст. 6Righttoclaimatax credit.

(1) When a company makes a donation to which these rules apply, and when that donation has been listed and confirmed as provided in rule 5, that company shall have the right to a tax credit for the year of assessment in question in respect of that donation.

(2) The tax credit which may be given to a company for any year of assessment in accordance with these rules shall be the lesser of the following two (2) amounts:

(a) thirty five percent (35%) of the total of the donations made by it in the year immediately preceding that year of assessment, to the extent that they have been listed and confirmed as aforesaid; or

(b) five hundred euro (€500).

(3) No part of a tax credit which may be given to a company for any year of assessment in accordance with these rules, shall be refundable or given as credit against the tax on the income of that company for any other year of assessment or the tax on the income of any other person.