Friday, August 19, 2005

Project approved for funding through cultural incentives

The Brazilian Ministry of Culture on August 17, 2005, approved the British Cemetery research/book project for funding under the Rouanet Law. It is now authorised to offer potential sponsors the tax incentives provided by this programme.
Tax deductions for philanthropic donations are highly restricted in Brazil — with the exception of the Rouanet Law, which gives generous allowances for businesses financing cultural projects. To qualify for such financing, projects must be previously submitted to and approved by the Ministry of Culture.