Sponsorships (legal persons)

The sponsorship is regulated by the Law 32/1994, as subsequently amended and supplemented, and it represents the legal act by which two persons agree on the transfer of the ownership right over some material goods or financial means for the support of some non-profit activities carried out by one of the parties, called the beneficiary of the sponsorship.

The sponsor can be profit taxpayer or micro-enterprise income taxpayer.

By means of a simple sponsorship contract, 20% of the tax can be saved and can significantly contribute to the increase of life quality of the children registered with SVUC Association.
The procedure is simple and without additional costs, the amount being fiscally deductible according to legislation.

Step 1: DOWNLOAD THE SPONSORSHIP CONTRACT
Step 2: fill-in the company’s identification data, as well as the amount being object of the sponsorship contract
Step 3: send the sponsorship contract filled-in and signed, in pdf/scan format by email to office@svuc.ro
Step 4: make the payment to SVUC Association

Remarks – for the corporate income taxpayer Sponsor

The sponsorship expenditures are deducted from the corporate income tax owed at the level of the minimum value between:
1. the value calculated by the application of 0.75% to turnover;
2. the value representing 20% of the corporate income tax owed

The sponsorship expenditures exceeding the level of the minimum value are reported in the following 7 consecutive years, in the order of their record, being deducted from the corporate income tax owed at the level of minimum value, on each payment due date of the corporate income tax.

[art. 25 para (4) lit. i) Tax Code] – for more info, see the Tax Code available here

The sponsor has the obligation to submit ONLINE the form 107 “Information statement on the beneficiaries of sponsorships/patronage/private scholarships”:
– until the date of March 25, including in the following year for legal persons paying corporate income tax that apply the quarterly or annual system with anticipated payments;
– until the date of February 25, including in the following year for non-profit organizations and taxpayers earning incomes from the culture of cereals and technical plants, fruit growing and viticulture;

[art. 42 para (3) Tax Code, ANAF Order 1825/2018] – for more info, see the Tax Code available here

In statement 100 on the payment obligations to the state budget, the amount of the tax declared and owed to the state budget is diminished by the sponsored amount.

Payers of the corporate income tax can sponsor up to December 31 of each year.

Remarks – for the Sponsor payer of tax on income of micro-enterprises

Expenditures related to sponsorship are deducted from the tax on the income of micro-enterprises up to the level representing 20% of the tax on the incomes of micro-enterprises owed for the trimester during which the respective expenditures were recorded.
The amounts that are not deducted from the tax on income of micro-enterprises owed is reported to the following semesters, for a period of 28 consecutive trimesters. The deduction of these amounts from the tax on the incomes of micro-enterprises owed, in the following 28 consecutive trimesters, is made in the order of their record, in the same conditions, on each due date of the tax on incomes of micro-enterprises.

[art. 56 para (11) Tax Code] – for more info, see the Tax Code available here

The sponsor has the obligation to submit ONLINE the form 107 “Information statement on the beneficiaries of sponsorships/patronage/private scholarships”:
– until the date of January 25, including in the following year;
– until the 25th inclusively of the following month of the last trimester for which it owes tax on the incomes of micro-enterprises, in the following situations:
~ it was opted for the passage as corporate income tax as a result of subscription of a registered capital of at least 45,000 lei;
~ it exited the system during the year following the achievement of incomes exceeding 1,000,000 Euros;

[art. 56 para (13) şi (14) Tax Code, ANAF Order1825/2018] – for more info, see the Tax Code available here

In statement 100 on the payment obligations to the state budget, the amount of the tax declared and owed to the state budget is diminished by the sponsored amount.

Income taxpayers can sponsor until:
– March 31 for the 1st trimester
– June 30 for the 2nd trimester
– September 30 for the 3rd trimester
– December 31 for the 4th trimester

SVUC Association is eligible for sponsorships and it is listed in the Registry of entities/cult units on ANAF website. You can check SVUC Association searching by Tax registration code – > 44619301.

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