~on a quarterly basis~
1. Forward 20% of your company's profit tax.
Sponsorship expenses are deducted from the profit tax due at the level of the minimum value between:
the value calculated by applying 0.75% to the turnover;
the value representing 20% of the due profit tax.
2. Forward 20% of your company's income tax.
( for micro-enterprises).
Sponsorship expenses are deducted from the micro-enterprise income tax up to the value level representing 20% of the micro-enterprise's income tax due for the quarter in which they recorded the respective expenses.
The amounts not deducted from the micro-enterprise income tax due are carried forward to the following quarters for a period of 28 consecutive quarters.
You can check the legal basis (Law 227/2015 on the Fiscal Code) on the ANAF website.
Download the sponsorship contract here.
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