Ways to support usRedirect 20% of your company's income tax
Companies can direct 20% of their corporate tax to an NGO that supports a social cause, and the expenses are deductible. With sponsorships like this, our programs become more sustainable, we can grow more efficiently and reach more children and families in need.
How can companies get this tax relief?
The payment is made directly to the chosen NGO and not to ANAF (National Revenue Agency).
For the amount to be deductible, the following conditions must be met:
- the payment must be made to an NGO;
- the amount must not exceed 20% of the payable amount;
- the amount must not exceed 5‰ of the business turnover;
- the payment must be made by 31 December of the tax year in which the tax relief is sought;
- the donation is made on the basis of a sponsorship contract signed with the chosen NGO.
What are the advantages for your company?
This type of sponsorship does not involve any additional costs and does not affect the company’s net profit.
You have the freedom to choose exactly where these funds go, thus supporting a cause that interests you, adding the benefit of having visibility on the context in which the money is invested in the community.
Contact the Inocenti team
Valentina Maghirescu
Branch manager
office.bucuresti@inocenti.ro
Laura Filipoi
Branch manager
office.bistrita@inocenti.ro
Mihaela Ința
Organizational development manager
mihaela.inta@inocenti.ro
Thank you for your help!
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CONTACT
Bucharest: +40-751-242282
Bistrița: +40-740-154929
Cluj-Napoca: +40-754-457615
Email: office@inocenti.ro
PROGRAM
Lun – Vineri: 8 – 16
RCR – Fundatia Inocenti
Address:
3347 SE 17th Place
Cape Coral, FL 33904, US
Contact: eileenmchenry@rcr.org
5083036299
© RCR – Fundatia Inocenti
Working in Romania since 1990, Romanian Children’s Relief is a US-based 501c3 Charity. Contributions may be tax deductible.
Fundatia Inocenti is RCR’s Romanian partner charity which is nationally accredited. Inocenti serves more than 4,000 children and families in need in schools, hospitals, foster families and communities in Bucharest, Cluj and Bistrita, Romania.
