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The tax that discourages donation

By Guilherme Mattoso

Nov 2022

In an article published on the Estadão website on November 29th, Carola Matarazzo, executive director of the Bem Maior Movement, and João Paulo Vergueiro, executive director of the Brazilian Association of Fundraising Professionals, discuss the scope of the ITCMD – the inheritance and donation tax (a tax levied on inheritance and private donations), which ultimately affects the field of private social investment.

"We advocate amending the section of the Constitution that addresses this issue, proposing a new, clear national rule with legal certainty and uniformity to encourage philanthropic investments in the country.".

To read the full article, visit the Correio website here.

Image Credit: Press Release