Algemeen nut beogende instelling
Encyclopedia
The Dutch Tax Administration
can declare an institution to be an "institution for general benefit" (algemeen nut beogende instelling, ANBI). Often this is a foundation, though not every foundation qualifies. It can also be a voluntary association
(vereniging), but not e.g. a sport club, or association of personnel. Also it cannot be a commercial institution.
If in a calendar year the sum of someone's gifts to ANBIs exceeds 1% of the threshold income, the excess, with a maximum of 10% of that income, is deductible income
. Also an ANBI is exempted from inheritance tax
and gift tax
on inheritance
s and gift
s it receives, except on those made under a condition such that it is not for general benefit.
Examples of ANBI foundations:
Examples of non-ANBI foundations:
Taxation in the Netherlands
The Netherlands has a rich history dealing with taxation, predating the Romanic period.Some of the most important taxes are that of the income tax , the wage withholding tax , the value added tax and the corporate tax .-Income tax:The Netherlands has...
can declare an institution to be an "institution for general benefit" (algemeen nut beogende instelling, ANBI). Often this is a foundation, though not every foundation qualifies. It can also be a voluntary association
Voluntary association
A voluntary association or union is a group of individuals who enter into an agreement as volunteers to form a body to accomplish a purpose.Strictly speaking, in many jurisdictions no formalities are necessary to start an association...
(vereniging), but not e.g. a sport club, or association of personnel. Also it cannot be a commercial institution.
If in a calendar year the sum of someone's gifts to ANBIs exceeds 1% of the threshold income, the excess, with a maximum of 10% of that income, is deductible income
Tax deduction
Income tax systems generally allow a tax deduction, i.e., a reduction of the income subject to tax, for various items, especially expenses incurred to produce income. Often these deductions are subject to limitations or conditions...
. Also an ANBI is exempted from inheritance tax
Inheritance tax
An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate of a person who has died...
and gift tax
Gift tax
A gift tax is a tax imposed on the gratuitous transfer of ownership of property. The United States Internal Revenue Service says a gift is "Any transfer to an individual, either directly or indirectly, where full consideration is not received in return."When a taxable gift in the form of cash,...
on inheritance
Inheritance
Inheritance is the practice of passing on property, titles, debts, rights and obligations upon the death of an individual. It has long played an important role in human societies...
s and gift
Gift
A gift or a present is the transfer of something without the expectation of receiving something in return. Although gift-giving might involve an expectation of reciprocity, a gift is meant to be free. In many human societies, the act of mutually exchanging money, goods, etc. may contribute to...
s it receives, except on those made under a condition such that it is not for general benefit.
Examples of ANBI foundations:
- Stichting INGKA FoundationStichting INGKA FoundationThe Stichting INGKA Foundation is a Dutch foundation founded in 1982 by Ingvar Kamprad, the Swedish billionaire, who is founder and chairman of IKEA. INGKA is one of the largest charitable foundations in the world. The name "INGKA" comes from a contraction of his name; "Stichting" is the Dutch...
- purpose: promote and support innovation in the field of architectural and interior design - Stichting MuseumjaarkaartMuseumkaartThe Museum card is a card that allows free entrance to a number of museums around the Netherlands. The card itself costs €44.90 , and is valid for one year. A discounted card is available for under 19s, and costs €19.95 .The Museumkaart is available to buy at any of the participating museums below...
- purpose: promote visiting Dutch museums - Stichting Max HavelaarStichting Max HavelaarStichting Max Havelaar is the Dutch member of FLO International, which unites 23 Fairtrade producer and labelling initiatives across Europe, Asia, Latin America, North America, Africa, Australia and New Zealand. Several of these corresponding organizations in other European countries also use the...
- VandenEnde FoundationJoop van den EndeJohannes "Joop" Adrianus van den Ende is a Dutch media tycoon, theatrical producer, co-founder of Endemol and founder/owner of Stage Entertainment....
- Wiardi Beckman StichtingWiardi Beckman StichtingThe Wiardi Beckman Stichting is a Dutch think tank linked to the left-of-center Labour Party .The foundation is named after Herman Bernard Wiardi Beckman, a member of the Dutch Senate, who during the Second World War was summoned by Queen Wilhelmina to become a member of the war cabinet, but who...
Examples of non-ANBI foundations:
- Stichting Pensioenfonds ABPStichting Pensioenfonds ABPStichting Pensioenfonds ABP , frequently referred to as ABP, is the pension fund for government and education employees in the Netherlands...
- pension fundPension fundA pension fund is any plan, fund, or scheme which provides retirement income.Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold...
for the government and educational sectors - Stichting Pensioenfonds Zorg en WelzijnStichting Pensioenfonds Zorg en WelzijnStichting Pensioenfonds Zorg en Welzijn is the second largest pension fund in the Netherlands...
- pension fund for the healthcare and social workSocial workSocial Work is a professional and academic discipline that seeks to improve the quality of life and wellbeing of an individual, group, or community by intervening through research, policy, community organizing, direct practice, and teaching on behalf of those afflicted with poverty or any real or...
sectors - Nederlandse Omroep StichtingNederlandse Omroep StichtingThe Nederlandse Omroep Stichting , English: Netherlands Broadcasting Foundation, is one of the broadcasters in the Netherlands Public Broadcasting system...
- purpose: make news and sports programmes for the three Dutch public television channels and the Dutch public radio services