We are thrilled to share some important news about EFRI (European Funds Recovery Initiative): Our application for the determination of compliance with the requirements of § 4a (4) EStG 1988 has been officially approved. The authorities have confirmed that EFRI fulfills the necessary criteria. Here you can find our entry with the Austrian Ministry of Finance.
What Does This Mean?
Under § 4a (4) of the Austrian Income Tax Act 1988 (EStG), non-profit organizations that meet specific criteria are entitled to certain tax benefits. This regulation is particularly significant because it officially recognizes the organization’s status and eligibility for support. With this confirmation, EFRI’s supporters and donors can now claim their contributions as tax-deductible—an important milestone for our initiative and its backers.
In addition, this determination and confirmation from the fiscal authorities about what we do is an important step for EFRI to become a qualified entity capable of initiating class actions.
What Is EFRI?
EFRI is actively committed to protecting consumers and small investors from cybercrime. Our mission is to recover unlawfully lost funds while raising awareness about fraud risks in the digital world. The positive determination of our status highlights our commitment to transparency, public welfare, and sustainable engagement.
Why Is This Determination Important?
Recognition under § 4a (4) EStG 1988 marks a significant milestone for EFRI. It not only provides tax benefits for donors but also reinforces trust in our mission. This status confirms our non-profit nature and compliance with the strict legal requirements for organizations in this field.
A Thank You to Our Supporters!
This success would not have been possible without the dedication of our team and the support of our members and benefactors. We extend our heartfelt gratitude to everyone who has accompanied EFRI on this journey, and we look forward to continuing to work together for greater security and justice in the digital world.
Do you have questions about our work or want to learn more about how you can support EFRI? Do some research on our website or contact us directly. Together, we make a difference.
