What is the difference between voluntary contributions (offerings) to the Istituto Buddista Italiano Soka Gakkai (IBISG) and 8×1000 funds?
The IBISG financially supports itself with the voluntary contributions of its members (offerings), which are used to accomplish its institutional aims. After the Agreement law was approved, one can deduct from one’s overall income the donations give to the Istituto up to 1,032.91 euro, as long as the payment is traceable (not made in cash).
On the other hand, the 8×1000 of tax revenues is divided based on the choice taxpayers make when they fill in their yearly income tax return. In case this choice is not expressed, the amount is proportionally divided among all the eligible recipients.
Learn how to assign your 8×1000 to IBISG.
Click here to see the list of all 8×1000 recipients.