How about making a donation to the National Elderly Fund instead of paying income tax?

Every April, many people resent the lion’s bite. But did you know that instead of paying your income tax to the government, you can donate it to the National Elderly Fund? This is an excellent way to contribute to projects financed by the funds to combat violence; family and community life, as well as support for the Elderly Rights Councils.

What is the bottom?

The National Fund for the Elderly it is the special nature of funds, as stated in the art. 71 of Law No. 4,320, of 03/17/1964, linked to the achievement of certain objectives or services, provided the adoption of peculiar application of standards. By this nature, the resources that are become public resources and must be managed and administered in accordance with the constitutional principles governing public budgets: legality, impersonality, morality, publicity and efficiency.

The management of the Funds, it is for the Elderly Rights Councils, and the application of resources that are subject to the provision of management accounts to the internal control organs of the executive branch and the Elderly Rights Councils, as well as control external by the legislature, the Accounts and the Public prosecutor of the Court.

It is up to councils the definition on the use of resources of the Senior Rights of the Funds based on the annual action plan, which should contain programs to be implemented in the promotion policy, protection, defense and care of the rights of the elderly.

How to donate?

The donation can be made in any month of the year, but can only be deducted from the income tax due, referring to the calendar year in which the donation occurs, during the Annual Adjustment Statement, held the following year. Thus, the donation made after December 31 of a year can not be deducted from the income tax to be declared by the end of April the following year. This means that the donation is made before the donor, individual or legal entity, have definitively determined the value of your Income Tax Due.

Today, that from the Law 12,594 of January 18, 2012, the same company can allocate 1% of their IR due to the National Fund for the Elderly and 1% for the Children’s Fund. For individuals deduction remains the same, ie it is limited to 6%, then included both deductibility.

In all states are already made of the Councils of the Elderly Rights and through them you can get information on the respective Municipal Councils and its Funds.

Source: System CFA / CRAs – “National Fund for the Elderly – How to invest your income tax for the benefit of our elderly”…

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