A warm meal. Healthcare. New clothes. A roof over someone’s head. Access to education. The chance to build a better future. All these are priceless gifts, which unfortunately not all people have access to. What do you do with the 20% from your payable tax? Sponsor those in real need of help and offer them the nicest of gifts.

Currently, the fiscal legislation regulates the following fiscal facilities in the area of sponsorship actions both for companies that pay profit tax, and for companies under the incidence of the tax on the revenues of micro-companies or for freelancers.


SPONSORSHIPS PERFORMED BY PAYERS OF PROFIT TAXES


The method for benefitting from the fiscal facility when paying the profit tax is very simple:

  • Sign a sponsorship contract with an NGO registered in the Register of entities for which fiscal deductions are granted and transfer the intended amount to it;
  • Calculate 20% of the profit tax and 0.75% of the turnover;
  • The granted sponsorship, limited to the lowest value of the two aforementioned amounts, will be deducted from the payable profit tax.


SPONSORSHIPS PERFORMED BY PAYERS OF REVENUE TAXES


Micro-companies that perform sponsorships, according to the law, in order to support non-profit organisations and cultural units registered in the Register of entities for which fiscal deductions are granted may benefit from fiscal credit of 20% from the tax on micro-company revenues payable for the quarter in which they performed the sponsorship.


SPONSORSHIPS PERFORMED BY FREELANCERS


Freelancers may also perform sponsorships, and the sponsorship expense is deductible when calculating the revenue tax within 5% of the net revenues set according to the fiscal norms.

You can decide the destination of the money you pay to the state. Such actions are real help for those in difficulty. Please consult here the guide for further details on these fiscal facilities applicable in the area of sponsorship actions.

Any presented information is general and is not meant to address the specific conditions of a particular individual or legal person. Although we try to provide accurate and up-to-date information, there is no warranty that such information is accurate at the time of its receipt or that it continues to be accurate. No action should be taken based on this information without relevant professional assistance following a careful examination of the circumstances that are typical of a particular state of affairs.