Each project must improve the living conditions of the local population, with an eye for the most vulnerable.
A local organization is jointly responsible for the project.
Kontinenten has been recognized by the government as an institution for assistance to developing countries.
The non-profit organization has been active for more than 40 years.
Kontinenten is registered on the website goededoelen.be of the King Baudouin Foundation
On Thursday 9 July, the bill was finally approved in De Kamer. The proposal includes two elements:
1. For donations to recognized institutions in 2020, donors will receive a tax reduction of 60% of the donation, instead of the current 45%.
2. In addition, the amounts entitling to a tax credit will be increased from 10 to 20% of the total net income of the donors.
The law applies to donations until 31/12/2020.