Did you know that donating to an eligible NGO like StartSchool can significantly reduce your dividend tax?
In Latvia, when your company pays out dividends, you can receive a tax relief in the amount of 85% of the donation sum.
Tech Education Foundation
Reg. No: 50008325331,
VAT No: LV50008325331
Account Number: LV90HABA0551055781933
Bank: Swedbank A/S, HABALV22
Donate to Support &
Maximize Tax Relief on Dividends
Here's how to do it smart:
Step-by-Step Example:
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Dividends Paid(May): €100,000
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Regular Dividend Tax(25%): €25,000
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Donation Cap (30% of €25,000): €7500
Now, to unlock this full relief, you need to donate an amount that gives back 85% in tax credit—but doesn't exceed the cap.
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Tax relief (80% of €7500): €6375
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Total Tax cost (Original Tax sum - Tax relief): €25,000 - €6375 = €18,625
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Total Cost (Tax + Donation): €18,625 + €7500 = €26,125
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Net Cost to You: €1,125
Result: Donate €7500 to StartSchool in May → Cut your tax bill by €6375 → Your actual cost = just €1,125
StartSchool is operated by the NGO “Tech Education Foundation” and any donation done to the foundation will be supporting development of more Tech Leaders. If you are interested in supporting the mission of StartSchool, you can transfer your donation to the following credentials:
Tech Education Foundation
Reg. No: 50008325331,
VAT No: LV50008325331
Account Number: LV90HABA0551055781933
Bank: Swedbank A/S, HABALV22
Donations up to €10’000 can be transferred without a specific agreement. For donations €10’000 and more, a donation agreement should be signed. Please let us know at start@startschool.org if you would like to sign an agreement.