Obligations for Associations

As regards the Associations, the text of the art.25 c.4 of the Law 16 June 2016 n.  75 'Provisions regarding associations and voluntary organizations':

All the types of association identified in article 2 of this law are required to:

a) request authorization from the Control Committee to accept donations, contributions, assignments, donations, sponsorships, donations in any case named or donations of movable assets, the value of which is, with a single operation or with several operations connected to the same subject split between them more than 25,000.00 euros per year with the procedures and procedures referred to in article 50 of the Law 1 July 2015 n.101 "Law on Foundations";

b) request authorization from the Control Committee for the opening of current accounts abroad or in any case for the establishment and / or execution of banking, financial and insurance relationships with foreign authorized parties with the procedures and procedures referred to in to article 51 of the Law 1 July 2015 n.101 "Law on Foundations";

c) to request from the Control Committee the authorization for the registration of real estate located abroad with the methods and procedures referred to in Article 52 of the Law of 1 July 2015 n.101 "Law on Foundations";

d) to ask the Control Committee for authorization to purchase for any reason a movable asset worth more than € 25,000.00;

e) request authorization from the Control Committee to proceed with the merger and division with other associations;

f) provide, at the simple request of the Control Committee or the Financial Intelligence Agency for the functions assigned to it by the Law of 17 June 2008 n.92, the recording of data and information relating to the loans and funds received and to their use;

g) annually deposit with the Control Committee the financial statements and the statement "Loans and summarizing loans", as per Attachment "B" of the Law 1 July 2015 n.101 "Law on Foundations";

h) supply any information and / or documentation pertaining to the management, administration and even use of the association's resources at the simple request of the Control Committee and the Financial Intelligence Agency.

To facilitate the formalities referred to in point g) above, the Control Committee on Foundations and Associations has prepared the following document:

 "Loans and summarizing uses template" => word format - excel format