Any Romanian person with Romanian catatonia can direct 2% of the tax on the net income of each year to our foundation according to the law 573/2003 of the Fiscal Code art.
If you earn only salaries, fill out Form 230.
If you earn revenue from other sources like:
-Disposal of the use of movable and immovable property, performed as owner, usufructuary or other legal owner;
-An agricultural activities for which the net income is set in real system;
-Costs from the transfer of title to securities;
-Financial sale-purchase futures contracts, on a contractual basis.
Complete the Declaration 220
Aceste formulare pot fi descarcate de pe pagina ANAF (click aici).
The amount to be paid is a sponsorship or donation, but it is a part of the state budget that is directed by each citizen in part towards the non-governmental sector.
The redirect is free of charge, ie it does not lead to any extra expense for the person who completes the form.
After completing the statement, it can be sent by post to the tax office of the county in which you live or by e-mail to our foundation and the rest of us.
For Legal Entities
Companies can redirect 20% of the profit tax to an NGO that sustains a social cause. The redirected share can not be higher than three in one thousand of the turnover, and payments must be made by December 31, so the amount can be lowered of the profit tax for the fiscal year.
According to art. 21, par. 4, item p) of the Fiscal Code, the taxpayers performing sponsorships and / or documents shall deduct from the profit tax due to the related amounts. Legislation imposes two conditions in this respect – the amount can not exceed 0.3% of the company’s turnover and must fall within the limit of 20% of the profit tax to the state.
The way to redirect is very simple. The company calculates the amount of 20% of the corporate tax, then ends with a sponsorship contract with the NGO it wants to support, and the expenses are deductible.
This type of sponsorship does not involve any additional expenses and does not affect the company’s net profit.
The advantages of such donations are that the representatives of the companies have the freedom to choose the destination of an amount, which in other conditions would reach the state anyway, and, furthermore, contribute to a noble cause, without any expense. Also, the contribution of each company could lead to significant progress in solving and preventing social problems.
Currently, the sponsorship and mecenate operations are regulated by the Law on sponsorship no. 32/1994, with subsequent modifications and completions, and their tax treatment in terms of deductibility and value added tax, for the operations consisting in the granting of goods, the execution of works or the provision of services, is regulated by Law no. 571/2003 regarding the Fiscal Code, with subsequent amendments and completions.
The procedure itself is extremely easy, assuming minimal efforts from the commercial company. Thus, following the choice of an organization or cause whose support is being pursued, a sponsorship contract will be drawn up. It is worth mentioning that the company will have to estimate the value of the 20% share at the time of writing the contract. The contract so finalized will then be sent to the foundation, which will sign and stamp it, with the obligation to return the received copy to the company. The contract thus concluded constitutes the proof of the act of mecenate, and based on it the redirect will be made.
Sponsorship operations by cash or bank transfer will be reflected in the bookkeeping. These will be highlighted separately. From the calculated profit, the tax amount will be set at 16%. From this tax the amount attributed to the NGO, representing the 20% share, will be decreased.
Datele Fundatiei Pater Noster sunt:
Fundatia Pater Noster
cod IBAN RO73BTRLRONCRT0356300101