The Assistant Treasurer has announced on Tue 24.7.2012, that the earthquakes which hit North-Eastern Italy on 20 May and 29 May 2012 have been recognised as a disaster for tax purposes.
Mr Bradbury said the declaration allows Australian taxpayers to claim an income tax deduction for donations made to the relief effort. He said funds still need to apply to the ATO for formal endorsement, for which the ATO has established a fast tracked process.
Donations to funds are tax deductible for a period of 2 years from 20 May 2012, Mr Bradbury said. Taxpayers should ensure that they retain a receipt for their donations.
Source: Assistant Treasurer’s media release No 078, 24 July 2012
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