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Sometimes good deeds cost nothing?

The procedure is simple, the company that has a profit must submit on a quarterly basis the Form 100 that relates to the payment of obligations to the state budget.

Statistically, 80% of the companies redirect this amount in December.

If desired, the company can redirect 20% of the profit tax, but not more than 0.5% of the turnover, according to the provisions of Law no. 227/2015 regarding the Fiscal Code, last updated by law no. 358 of 31 December 2015.

Thus, on submission of Form 100, the company attaches the sponsorship contract + payment order or receipt, as proof of sponsorship, according to the legislation.

Example of determining the amount that can be directed:

Turnover                                                        100.000 lei
Expenditure                                                        80.000 lei
Taxable income                                                 20.000 lei
Profit Tax (16%)                                          3.200 lei
0,5% of the Turnover                                        500 lei
20% of the profit tax                                          640 lei

So profit tax to be payed will be 2,700 lei instead of 3,200 lei, 500 lei being deducted by redirecting 20%.

For these 500 lei, on submitting Form 100, the sponsorship contract and proof of payment thereof will be attached.

Redirect  20% of the income tax due to the state towards therapy for children with autism within the Help Autism Association and come meet those whose life you are about to change with your gesture.

Download sponsorship contract:

1. Contract donatii in bani

2. Contract donatii in produse si servicii