Redirect 20% of your corporate income tax at no cost by 30 September
Do you know about the provisions offered by Law 30 of 2019, under which you can sponsor an NGO at no cost if you own a company?
You can redirect 20% of your corporate income tax quarterly, and the next deadline is 30 September.
DOWNLOAD THE SPONSORSHIP AGREEMENT (DOCX in Romanian)
Contribute to forests at no cost. It only takes a few moments.
Help support the campaign and advocacy activities so that Romania follows the European Biodiversity Strategy, which calls for 10% strict protection and 30% protected area in each Member State, alongside other measures benefiting nature and people. Alternatively, you can sponsor other Agent Green projects, such as the October 2020 planting, the SUNT NATURĂ environmental education programme, the RANGER GREEN model area, the 133 lawsuits supported by AVOCATUL PĂDURII, the FOREVER FOREST forestry model or the NATIONAL PARKS campaign.
Under the law, taxpayers making sponsorship contributions in accordance with Law no. 32/1994 on sponsorship, as subsequently amended and supplemented, deduct the corresponding amounts from the corporate income tax due, at the minimum value of the amount representing 20% of the corporate income tax due.
The procedure is very simple. If you sponsor Agent Green by 30 September, you can deduct the sponsorship amount up to 20% of the income tax due for the quarter in which you recorded the expenses in your company.
The deduction is made by completing declaration 107 and submitting it by 31 March 2020, for corporate income tax payers. Amounts not deducted from income tax are carried forward for up to 28 consecutive quarters.
Example calculation of the deductible amount
For quarterly tax of 5%
Revenue: 100,000 lei
Income tax (5% case): 5,000 lei
20% of income tax (deductible sponsorship amount): 1000 lei
Get involved for forests at no cost if you own a company, and pass this on to your employer or friends who own a company.
Only together can we bring about the positive changes that are so badly needed.
Thank you!
