The Fiscal Code and the Law no. 32/1994 on sponsorship, with subsequent additions and amendments, allow companies liable for corporate income tax to direct up to 20% of the annual amount due to the state budget to non-governmental organisations. The amount offered by way of sponsorship that is deducted from corporate income tax may not exceed 7.5 ‰ (per thousand) of turnover. The sponsorship is an expense to be incurred…
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