Redirect 20%!

THE PROCEDURE OF REDIRECTING 20% FROM PROFIT TAX

Sponsorship is a practice regulated by the law and used by many companies in Romania.

Thus, legal persons, companies or registered sole traders can make deductible donations for charitable causes.

Sponsorship law allows for deduction of tax in case of sponsorships up to 3%0 (three per thousand) of turnover or 20% of the tax due (for companies – the amount cannot exceed 3 per thousand of turnover). In the case of registered sole traders, the limit is 5% of gross income minus deductible expenses.

Those who want to help Children in Distress Foundation must fill out a Sponsorship Agreement, which can be downloaded using the provided links below, and sent it via bucuresti@cid.org.ro

CID’s team thanks you in advance!