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Opinion material by Mihaela Popescu, Director of Fiscal Services, and Anca Preda, Senior Direct Tax Consultant, Deloitte Romania
The mobilization of companies that have announced sponsorships and donations to help the Romanian state in the fight with COVID-19 is remarkable. Firms can recover some of this aid in the form of a reduction from the profit tax payment, in proportion of 20% of the tax (but not more than 0.75% of the turnover).
For more information, please see the Romanian version of the article, here.
