SUPPORT THE EDUCATION OF CHILDREN IN FOSTER CARE BY SENDING 20% OF YOUR COMPANY’S PROFIT TAX!
HOW DOES IT WORK?
Before December 31 companies can direct 20% of their corporate tax towards an NGO, with a simple sponsorship contract, and the amount will be automatically deducted from the taxes to the state.
The donation needs to be made by December 31, so that it can be registered for 2018, otherwise it will be deducted from next year’s corporate tax. For further details please contact us at firstname.lastname@example.org / 0753192263 so that we can talk about the activity of Growing GREAT, the way of calculating the amounts, and we can also send you the sponsorship contract.
You can also find more about our activity and our projects in the Presentation of the Growing GREAT program.
WHAT DOES THE LAW SAY?
Tax Code, Art. 25, para. 4, point i): The expenses of sponsorship and/or mecenat and the expenses related to private scholarships granted according to law; the taxpayers that effect sponsorship and/or acts of mecenat, according to the provisions of the Law no. 32/1994 on sponsorship, as further amended, and to the Law on libraries no. 334/2002, republished, with further modifications and completions as well as those who grant private scholarships, according to law, deduct from the profit tax owed the minim amount of the following:
- amount calculated by applying the 0,5% to the turnover; when the relevant accounting regulations do not define the turnover, that liimt is set according to the norms;
- its value amounts to 20% of the tax owed.
In order for it to be deductible, the amount representing the sponsorship cannot be higher than 20% of the corporate tax and 0.5% of the turnover.
Turnover: EUR 500.000
Expenditure: EUR 450.000
Profit: EUR 50.000
Corporate Tax (16%): EUR 8.000
20% of the Corporate Tax: EUR 1.600
0.5 ‰ of the turnover: EUR 2.500
Amount deductible for sponsorship: EUR 1.600
HOW CAN WE THANK YOU?
The biggest reward will be the children’s joy, and our reward will be online and offline promotion at our events.
If you own a company or know an entrepreneur, write to us at email@example.com or contact us at 0753 192 263 and we will provide you with all the info and with the sponsorship contract.
Two years and a half of Growing GREAT has seen a lot of beautiful changes for the children in foster care, but we need your support to be able to carry on with the educational programs, as children and youngsters are in need of long-term support!
Thank you so much for your support! We Grow GREAT together!