• The Sponsorship Law and the Fiscal Code allow sponsorships and provide fiscal facilities, under certain conditions
• The cost of the offered sponsorship is not tax deductible, but it can represent a tax credit, which can reduce the profit tax / the minimum turnover tax payable
• Certain conditions must be met to benefit from this facility
Sponsorship of noble causes, supported by associations and foundations (non-profit organizations), represents a good opportunity for Romanian taxpayers paying profit tax and minimum turnover tax, both from the perspective of corporate social responsibility and from the point of view of fiscal view.
For more information, please see the Romanian version of the article, here.
