What conditions must be met by an ANBI?
Organisations must meet the following conditions to be named as an ANBI:
- The organisation's efforts must be almost entirely focused on the public benefit. This is the 90% requirement.
- The organisation and the persons directly involved in the organisation must meet with the integrity requirements.
- A natural or legal person may not manage the organisation's assets as it is its equity. Directors and policy makers cannot have majority control over the assets of the organisation.
- An ANBI may not have more assets than necessary for the organisation's work. For this reason the organisation's assets must remain limited.
- The directors’ remuneration must be restricted to an expense allowance or a minimum attendance fee.
- An ANBI must possess an up-to-date policy plan.
- The ANBI’s costs must be in reasonable proportion to its expenditure.
- Funds remaining after the dissolution of the organisation must be allocated to a general good objective identical to the organisations objective.
- An ANBI is governed by specific administrative obligations.
- An ANBI must publish information about the organisation on its own website or on a communal website of for example a trade organisation.