You can help us continue to fulfill our projects and future plans by becoming our sponsor. The amounts donated by companies are deducted directly from income tax if the following conditions are met:
- They do not exceed 20% of the profit tax due;;
- They are within 0.3% of turnover..
Sponsorships expenses that exceed this threshold may be booked as non-deductible expenses.
Facility on sponsorships are regulated by Art. 21, paragraph 4, letter p, Tax Code. .
(Click: Art. 21, paragraph 4, letter p, Fiscal Code: p) expenses of sponsorship and / or patronage and private expenditure on scholarships, granted by law; Taxpayers making sponsorship and / or patronage, according to Law no. 32/1994 regarding sponsorship, with subsequent modifications and Law libraries no. 334/2002, republished, with subsequent amendments, and those private scholarships under the law, deduct from income tax related amounts due in the minimum limit specified below:
- 3 ‰ of the turnover;
- 20% of the tax due.
Sponsorship expenses for libraries under public law for the construction of venues, endowments, acquisitions of information technology and specific documents. funding continuous training programs for librarians, exchange of specialists, scholarships specialization , participation in international congresses fall under that category.)
- Sign a sponsorship contract – can download our model contract; (click);
- By yearend, the company pays the amount stipulated in the contract through a regular payment which will be booked, just like any other expense. On collection of tax by the State, this amount will be deducted from the total payment.
We invite you to know each other and to discuss more about our projects.
tel: +40 787 222 777