Tax benefits
The tax deduction is different depending on the province where the company has its tax base.
- Companies based in Vizcaya: the ABAO’s opera season is considered a priority patronage activity under Provincial Law 4/2019 on the Tax Regime applicable to Non-profit Entities and Tax Incentives for Patronage of the Historical Territory of Bizkaia.
- Companies based in Guipuzcoa, Alava and Navarre: the deduction is governed by the provincial laws of each territory.
- Companies based in the rest of the national territory: ABAO is considered a public utility association and the contribution has the status of a deductible expense for the purpose of Corporate Tax, under Article 25 of Act 49/2002 of 23 December, on the tax regime applicable to non-profit entities and tax incentives for patronage.
Companies with tax base in:
* The Opera Season of Bilbao organized by the ABAO is a priority patronage activity within the sphere of culture under Article 33 of Provincial Law 4/2019, of 20 March.
** Donor loyalty: A 40% deduction (rather than the general 35%) can be applied provided donations of the same or a greater amount have been made to the same entity in the two immediately preceding tax periods.
** The ABAO Bilbao Opera is a Public Utility association under Decree 247/89, of 31 October, passed by the Department of the Presidency, Justice and Regional Development of the Basque Government on 23 November 1989
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