If you would like to donate to the Liszt Academy of Music through its supporting non-profit organisations (Friends of the Liszt Academy Association and Foundation, Liszt Academy Foundation), you can claim the following tax benefits:

Donations given as a partnership will reduce the tax base. If you donate to a public benefit organisation (PBO) the whole amount may be deducted from the pre-tax profit, 150 % if you donated to a PBO with special legal status, but this reduction can not be more than 20% of the pre-tax profit.
If as a partnership you donate to a PBO and a PBO with special legal status at the same time, the amount of the benefit increases to 25%, which is deducted from the tax base.

Durable donations given to PBOs reduce the pre-tax profit, the full amount plus another 20% may be deduced from the pre-tax profit, but this reduction may not be more than 20% of the pre-tax amount.
If you give a donation and a durable donation at the same time, the deduction from the tax base still may not be more than 20% of the pre-tax amount.
When supporting a PBO or a PBO with special legal status the maximal allowance from the tax base may not be more than 25% of the pre-tax profit.

Durable donations: financial support given under a contract concluded between the PBO and the donor, wherein the donor agrees that he will support the PBO, without any compensation, in the year the contract was signed (amended) and at least in the three following years with an annual or more frequent donation of the same or increasing amount.

Sole traders may claim the tax benefits in two ways: as a private individual and as a sole trader. If you have given multiple donations you may choose to claim benefits from one donation for the consolidated tax base, and from another donation for the sole trader income.
The major differences are:
- donations given as a sole trader may be deducted from the tax base
- donations given as a private individual may be deducted from the taxes, not the tax base.
As after giving a donation you may claim benefits for the tax base, sole traders may not charge the amount of the donation to cost.
If as a sole trader you give durable donations to a PBO and a PBO with special legal status you may deduce it from your income, but this reduction may not be more than 25% of your income.