Redirect 20% of corporate income tax to forests at no cost
Are you familiar with the facilities 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 corporate income tax quarterly, and the nearest date is 31 March.
DOWNLOAD THE SPONSORSHIP AGREEMENT IN ROMANIAN
Contribute to forests at no cost. It takes a few moments.
Get involved in supporting 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 and puts forward ambitious, healthy proposals for people and nature. Alternatively, you can sponsor other Agent Green projects, such as spring planting, the SUNT NATURĂ environmental education programme, the RANGER GREEN model project, the 133 court cases supported by AVOCATUL PĂDURII, the FOREVER FOREST forestry model or the NATIONAL PARKS campaign.
Under the law, taxpayers who make sponsorships in accordance with Law No. 32/1994 on sponsorship, as subsequently amended and supplemented, deduct the corresponding amounts from the corporate income tax due, up to 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 31 December, you can deduct the value of the sponsorship up to 20% of the income tax due for the quarter in which you recorded the expenses through your company.
The deduction is made by completing declaration 107 and submitting it by 31 March 2021, for corporate income tax payers. Amounts not deducted from income tax are carried forward for up to 28 consecutive quarters.
Example of calculating 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 in supporting forests at no cost if you own a company, and pass this on to your employer or to friends who own a company.
Only together can we bring about the positive changes that are so badly needed.
Thank you!
