Financial (non) Sustainability of Non-Governmental Nonprofit Organizations and Your Land Program PIP
CEE Trust Chooses First Partners
Trust for Civil Society in Central & Eastern Europe
The National Council of the Slovak Republic adopted on 9 July 2002 an amendment to the existing "One Percent Law", which in 2001 for the first time enabled assignation of one percent of Personal Income Tax to a public benefit NGO chosen by tax-payer. The new amendment broadened the applicability of the provision also to the Corporate Income Tax, which will come into effect from 2004. Total amount of the one percent of the Corporate Income Tax was estimated at 185 million SKK (4.3 million USD) in 2002.
1 Per Cent Law Brings 97.5 million SKK (2.27 million USD) to NGOs in Slovakia in 2002
The Trust for Civil Society in Central and Eastern Europe is the parting gift to the region of six US foundations that have been funding civil society there for over a decade - and in some cases much longer. The aim: to ensure that the non-profit sector and its infrastructure are sustainable in the long term. Funds will be distributed by partner organizations in each target country. A meeting in Banska Bystrica in Slovakia in early July brought together Trust board and staff, Slovak and Czech partners, Slovenian grantees, and other key members of the Slovak sector to look at progress so far.
Non-profit law in Slovakia has been through considerable changes during the past year. New laws on foundations and on non-profit organizations have been adopted, plus a law allowing individuals to assign 1 per cent of their tax to a non-profit organization, along the lines of the Hungarian 1 per cent law.
During its last session before the June 2002 elections, the lower chamber of the Czech Parliament adopted laws which amend the Law on Public Benefit Corporations and the Law on Foundations and Funds. On April 24, 2002 the upper chamber, the Senate, approved the amendments. They will now be submitted to President Havel to become effective as of July 1, 2002.