Note No. 2106 of February 26, 2019, issued by the Directorate-General for the Third Sector and Corporate Social Responsibility, sets out the reporting and publication obligations for beneficiaries of the “5 per mille” contribution, following the adoption of Legislative Decree No. 111 of July 3, 2017, entitled “Regulation of the five per mille mechanism of personal income tax pursuant to Article 9, paragraph 1, letters c) and d), of Law No. 106 of June 6, 2016.”
With specific reference to so-called “voluntary sector entities,” the Italian Ministry of Labour and Social Policies is responsible for overseeing the proper use of the 5 per mille funds. To this end, current legislation—starting from contributions related to the 2008 financial year—requires all beneficiary organizations, within one year of receiving the funds, to prepare a financial report accompanied by an explanatory statement. Through these documents, beneficiaries must demonstrate how the received resources have been used.
The obligation to prepare a financial report together with an explanatory statement was first introduced by Article 3, paragraph 6, of Law No. 244 of December 24, 2007 (Finance Act 2008). It was subsequently confirmed by Article 11 and following provisions of the Prime Ministerial Decree (DPCM) of April 3, 2009, for the 2009 financial year, and reiterated for the 2010 financial year by Article 12 of the DPCM of April 23, 2010. For subsequent years, the provisions contained in the aforementioned DPCM of April 23, 2010 have been extended.
5×1000 Reports:
