ANBI status

On this page you can read all about ANBI status, where ANBI stands for Algemeen Nut Beogende Instelling. If you have no profit motive then this can provide various forms of tax benefits.

Tax advantages for an ANBI

If your institution has ANBI status it offers several tax advantages. The main advantage is that you do not pay taxes on inheritances or donations that you receive and use for your nonprofit activities. In addition, you are eligible for tax refunds on the use of energy. ANBI status also offers benefits to people or organizations who want to make a donation or sponsor you in some way. They can deduct this from their taxes. This makes it a lot more attractive for companies to sponsor. On the website of the tax authorities you can find all the tax advantages with an explanation.

When do you qualify for ANBI status?

You can't just become an ANBI because the main requirement is that your institution is almost entirely dedicated to the common good - read a social interest. Often, associations and clubs focused on a specific hobby are not ANBI but can obtain the characteristic of socially beneficial institution (SBBI). In that case, you still have various tax benefits, mainly related to gift and/or inheritance tax.

Terms

Besides the fact that you are working for a common good, you are not allowed to have a profit motive in the elaboration of your initiatives or projects. In addition, you have a number of administration obligations, each person involved is expected to have a clean slate, and the like. All conditions are clearly detailed on the website of the Tax Office.

Cultural ANBI

If at least 90% of your initiatives or projects take place in the cultural field, you can, if you have ANBI status, be designated as a cultural ANBI. People or companies who want to support you through donations or sponsorships will also have tax advantages. Therefore, always mention it in your sponsorship proposal and/or through other means of communication that you use.

How do you become an ANBI?

The Internal Revenue Service is the party that determines whether you actually qualify for ANBI status. They have prepared a form that you can download, print and fill out before submitting it. On the form you can also indicate whether you want to be considered a cultural ANBI.

Obligations for an ANBI

It is very important that you keep the Tax Office well informed of any developments that may relate to ANBI status. If you no longer meet all the conditions then you may lose this status and the Inland Revenue has the right to institute this retroactively. This can be a big bummer, so be open and honest and contact the Tax Office when in doubt. In addition, you have some form of publication obligation of data and financial situation. Read more about the obligations that the ANBI status entails on the website of the tax authorities. We have summarized the most important obligations below:

• You continue to meet the conditions we wrote about a few paragraphs back.
• You report any change that may affect ANBI status to the Internal Revenue Service
• You provide insight into records when requested by the Internal Revenue Service.
• You publish records, including those of directors, articles of incorporation, financial statements and the like.
  

Disclaimer

In writing this text, we have used information that can be found on the website of the Internal Revenue Service. You can find additional information about everything related to ANBI status here.

If, from your expertise, you yourself have knowledge that would fit this topic, or if you see opportunities to improve this text, we look forward to receiving your message at info@cultuuracademy.nl.