Donations accepted from now until the end of November All quarters are invited to join enthusiastically
To help the sports industry develop core professional sports and promote the acceleration of the process of professionalization of related amateur sports and develop key sports events, profitmaking businesses can donate to professional or amateur sports industries or the organizers of key sports events through the special account set up by the Sports Administration and can enjoy 150% tax incentive on the donated amount that year. This measure is in its second year in 2023. The Sports Administration has announced the list of approved donation recipients in 2023. Applications for donation will be reviewed in order of receipt from now until the end of November this year.
The Sports Administration has announced the list of professional and amateur sports industries and key sports events that can receive donations in 2023, with 55 applications approved and approved donation amount of NT$2.5 billion. Up to now, 15 profitmaking businesses have applied to donate, with the amount around NT$100 million. Profit-making businesses can fill out a “Special account for donation by profitmaking businesses to professional and amateur sports industries and key sports events” donation application form before November 30, 2023 and put forward a donation application with reference to the approved donation amount for each recipient; the Sports Administration will notify the profitmaking business of the result after receiving the application to facilitate donation.
After a profitmaking business receives notification of approval of donation, before December 15, 2023 the donated amount can, showing the approval document, be paid into the Sports Administration’s profitmaking business account 303 in cash or by check or remittance via the treasury. After the special account receives the donation, it will issue an invoice to the donating profitmaking business to allow it to enjoy 150% tax incentive on the donation when declaring tax next year.
The full list of professional and amateur sports industries and key sports events approved to receive donations from profitmaking businesses and the amounts in 2023 have been announced on the special area on the official Sports Administration website (https://www.sa.gov.tw/PageContent?n=7329). All quarters are invited to join enthusiastically to achieve the objective of expanding resources for the promotion of domestic sports and stimulate sports industry development.
