Projects must be of real benefit to the environment, must not generate carbon footprints or other adverse effects, and must be realistic in terms of budget and execution.
Environmental specialists from the public administration, universities and the platform itself.
Because Lateuaterra.org, like most crowdfunding platforms, understands that if 100% of the project has not been reached, the project cannot be carried out with full guarantees. Once the requested goal is reached, payment will be made to the promoter.
In this way, the backers only really participate in successful projects and the promoters must propose tight and sufficient budgets.
In a period of approximately three or four days. If the project is unsuccessful, the amount granted will be returned.
The promoter of the project, who will have to calculate his budget taking into account Stripe’s commissions (3.4% plus 0.35 per transaction) and those of the card transfers (usually less than 2%), as well as lateuaterra.org’s management commission, which will be 5% (VAT must be added to all these percentages). In addition, only in the event that the project is not successful, the commissions generated by each of the transactions carried out up to the moment of the project’s completion will be charged to the promoter.
Grupo R Comunicación, as promoter of lateuaterra.org, will receive 5% of the contributions finally made. In other words, it will receive nothing from projects that do not achieve 100% funding.
As in all crowdfunding platforms for donations and rewards, when the backers make the payment commitment, they will be able to choose the reward they will receive. In the case of lateuaterra it is clear that, in addition, the greatest reward will be the execution of the project itself, which will make the city a better place to live.
It is important that you consult this aspect because it varies according to each situation. Please note that the information provided below is merely indicative. If you have any doubts, consult your personal manager. He/she will be the one to provide you with the information for your specific case, thus avoiding any confusion.
In accordance with current tax regulations, business or professional activities are considered to be those that involve the management on one’s own account of material and human factors of production or one of them, with the purpose of intervening in the production or distribution of goods or services. Therefore, all businessmen or professionals must be registered in their census declaration with the Tax Agency and must be registered in the system provided for in the labor regulations.
Contributions received in the framework of the economic or business activity will be considered as income in the exercise of the activity and will be subject to the rules provided for in the Personal Income Tax Law, the Value Added Tax (VAT) Law or the Corporate Income Tax Law or the Non-Resident Income Tax Law. The expenses incurred by the creator will be considered as tax deductible.
The creator that has been constituted as an entity recognized under Law 49/2009 may enjoy the tax incentive regime for non-profit entities and the donor may receive a certificate of its contribution for personal income tax purposes.
If the project is not of a business or professional nature, the contributions made will be taxed in accordance with the rules of the tax on donations.
Before your project is activated on the platform you must provide a series of essential documents:
- pdf file of the NIF in case you are an individual or pdf file of the CIF if you are a legal entity.
- pdf file with your IBAN
- Collaboration contract with Lateuaterra, signed and scanned.