Sponsorship can be made by legal entities and also by individuals, without any additional costs.
Thus, for legal entities are deducted from the profit tax, the amounts sponsored with the minimum between 20% from the profit tax and 0.5% (or 5‰) from the turnover. Thus, the legal entity does not pay anything more than what it owes to state budget. Below is the legal text, art. 25, line (4), letter i, from the Fiscal Code:
,, i) the sponsorship and private scholarships expenses, offered according to the law; the contributors which effectuate sponsorship, according to the stipulations of Law no. 32/1994 regarding the sponsorship, with the subsequent changes and completions, and of Libraries Law no. 334/2002, republished, with the subsequent changes, and also entities who offer private scholarships, according to the law, the afferent amounts of money are deducted from the profit tax due, at the minimum value from the following:
- the value calculated by applying 0,5% to the turnover; for the situations in which the accountability regulations applicable do not define the indicator turnover; this limit is determined according to the law;
2.the value representing 20% from the profit tax owed.
The amounts that are not deducted from the profit tax, according to the stipulations of the present letter, are reported in the following consecutive 7 years. Recuperation of these amounts will be done in their registration order, in the same conditions, at each profit tax payment deadline. .”
Individuals can make money donations, here: Donations form
Also individuals may direct 2% form the salary tax, which is paid anyway, towards nonprofit associations, as our foundation is, according to art. 79 from the Fiscal Code. Below is the legal text by which the amounts from salaries taxes or assimilated to salaries, may be directed, without any additional cost for the employees:
,,Art. 79. (1) Contributors may choose the destination of the 2% or 3.5% from the tax established at art. 78, line (5), as it follows:
- a) 2% to support the nonprofit entities which are setup and function according to the law and cult units, and also for granting private scholarships, according to the law; or
b) 3,5% to support nonprofit entities and cult units, which are accredited, with at least one social service licensed, according to the law.
Individuals who obtain incomes assimilated to salaries benefit by the same stipulations.
(2) The obligation to calculate and pay the amount stipulated in line (1) comes to the competent fiscal body. (4) By exception from line (2), contributors may choose to calculate, retain and pay by the employer/ payer the amount representing 2% or 3,5% from the monthly tax owed for the salaried incomes and incomes assimilated to salaries, until the payment deadline of the tax, as it follows:
- a) 2% to support the nonprofit entities which are setup and function according to the law and cult units, and also for granting private scholarships, according to the law; or
b) 3,5% to support nonprofit entities and cult units, which are accredited, with at least one social service licensed, according to the law.
(5) This option must be expressed in written by the contributor and it is applied starting with the tax owed for the incomes from salaries and assimilated to salaries for the following month after the contributor has submitted the request to the employer / payer. The option remains valid for a period of maximum 2 consecutive years.”
Any donor / sponsor may ask for information about the way his/her contribution was used.
How? Personally, by telephone at no. 0260 661384 or by email: office@fundatiaacasa.ro, contact person: Ioana Pop.