Our values are – DEVELOPMENT, EXCELLENCE, SUPPORT!
Donating to the foundation “Riga Technical University Development Fund” offers the opportunity to implement socially responsible policies and to become patrons, contributing to RTU students’ excellence, providing support to RTU scientific and academic staff, as well as ensuring the development of infrastructure.
According to the Law “On Enterprise Income tax”, when businesses donate to foundations registered in the Republic of Latvia that have been granted Public Benefit Status according to the Public Benefit Organizations Law, the businesses have the right to receive an income tax reduction. For legal entities, the income tax is decreased by 85 % of the amount of the donation. However, total reductions may not exceed twenty percent of the total amount of tax.
Property or financial means that the payer transfers to a public benefit organization (which has been granted such status in accordance with the Public Benefit Organizations Law) on the basis of a contract without charge to achieve the purposes specified in its Articles of Association, constitution or by-laws, shall be deemed to be a donation within the framework of this section, providing it is not deemed a reciprocal duty by the recipient to perform activities deemed to be a consideration thereof. We are working towards the development of tertiary education and science in Latvia!
The Ministry of Finance of the Republic of Latvia has granted the status of a provider of public goods to the Development Fund (Resolution No. 61 of 22 April 2005) with the aim to support education, science, culture and sports, which enables benefactors to receive an enterprise income tax rebate according to the Law on Enterprise Income Tax, Section 20.1.
We, together with our partners, help academic and research staff achieve more!
The Cabinet of Ministers of the Republic of Latvia has granted the Development Fund of Riga Technical University the right to grant non-taxable scholarships.