UIC Barcelona is a foundation. Law 49/2002, of 23 December, on the tax situation of non-profit organisations and tax incentives for patronage, states that incentives apply to donations, endowments and contributions made to foundations.
The deducted amount, in the case of donations by individuals, is 25% of the amount of income tax (IRPF in Spain). In the case of donations made by legal entities, after allowances, companies have the right to make deductions for double taxation and tax incentives for certain activities of 35% of the deductible base amount.
UIC Barcelona and the Familiar Catalana Foundation, which sponsors the University, are exempt from Donation and Inheritance Tax.
Business association agreements for general interest activities. Sponsorship
Business association agreements for general interest activities are taken to mean those through which the organisation benefiting from patronage – in exchange for financial assistance to carry out the activities in accordance with the purpose and aims of the organisation – undertakes, in writing, to disseminate, through any media, the business association with this activity in such a way that the dissemination of their association with the University as part of a collaboration agreement does not constitute the provision of a service.
The amount paid or costs incurred may be included as deductible expenses when calculating the taxable base for the associated organisations' corporation tax.
In the association agreements for general interest activities, the commitment by the non-profit organisation to disseminate the associate's participation does not constitute the provision of a service subject to VAT (IVA in Spain) (Directorate for the Treasury and Financial Policy, 9 March 1999).
The financial aid may be monetary, in which case an amount is made available to the beneficiary, or in the form of expenses for third-party services carried out on behalf of the organisation.