Tax Deductions

Tax Deductions

You can make a donation through one of our several branches according to your place of residence and its tax benefits.

Karuna-Shechen Asia Ltd is a registered charitable organization with the Hong Kong Government. Donations are tax-deductible for Hong Kong residents only.

Karuna-Shechen Canada:  For Canadians, a $100 donation only costs you $67.47. You get a tax credit of 32.53% of the amount of your donation for the first $200. The surplus gives you a tax credit of 48.21% of the amount of your donation. To qualify for the tax reduction, you must attach a tax receipt to your tax return.

Karuna-Shechen Europe:  For individuals living in France, a donation of 100 € costs you only 34 €. Your donations are eligible for a tax on income equal to 66% of their amounts in the limit of 20% of your taxable income. If your donations exceed this limit, the excess is carried forward over the next 5 years. Karuna-Shechen will send you a tax receipt that you must include with your tax return.

For companies in France, a donation of 100 € costs you 40 €. Companies can benefit from a reduction of corporate taxes equal to 60% of the donation, to a maximum of 0,5% of net sales. If the amount of the tax reduction exceeds the annual limit or in case of deficit, the balance is carried forward over the next 5 years. Karuna-Shechen will send you a tax receipt that you must include with your tax return.

For individuals residing in other parts of Europe, Karuna-Shechen Europe will send you a donation receipt.

Karuna-Shechen USA is a tax-exempt public charity under section 501C3 of the Internal Revenue Code. It is qualified to receive tax deductible bequests, transfers, and gifts under section 2005, 2106, or 2522. Tax-deductions apply to USA residents only.