Visões Úteis is funded by the portuguese Ministry of Culture. This funding is vital to our project and represents about 50% of our anual income budget. The Ministry of Culture finances artistic creation because it considers it as being of public interest, just like health, environment, agriculture, security or national defense. And the financing allows artistic creation to develop outside the market rule in a permanent and critical approach acessible to all the population. So, and from the point of view of public finance, Visões Úteis is a private organisation who provides a service just like a university, a hospital or even the police.
The other 50% of our income can be presented this way:
Twice a year we must report our activities and accounting to the Ministry of Culture. And our work is followed in a very close way by the a public office from the north of Portugal to assure that everything we do respects the agreements done with the Portuguese State.
All other agreements are also subject to contracts and reports.
Our accounting follows all the portuguese and european demands and all finacial flows are document supported.
Visões Úteis is a non-profitable organization, not subject to Corporate Tax and VAT.
Visões Úteis complies with all the demands of the Treasury and Social Security.
Before considering it, you must remember that you already do it by paying your taxes (and you can do it even more by just buying us a ticket for a performance).
But if even so you want to become a Sponsor, please contact us so that we can find the best Tax Frame to do it.
As of 2017, you can also assign to us 0,5% of your income tax (if you have financial activity in Portugal). But please remember that you can also use this possibility to support other institutions, for instance related to health and social problems.