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 until 31.12.2021, after which it will be deducted from the corporate income tax due to the state, without additional costs.

“If you are a company liable to corporate income tax, sponsorship amounts are deducted from the corporate income tax due at the minimum of 7.5 ‰ of turnover or 20% of the corporate income tax due.

” If you are a micro-enterprise, you can sponsor Politehnica Timișoara, according to the law. Sponsorship amounts are deducted from the income tax due for the fourth quarter, up to 20% of the income tax due for that quarter. Please keep us in mind for the following quarters as well, the sponsorship can be made in each quarter in which the company records an accounting profit.

Only entities that are registered in the Register of Associations for which tax deductions can be granted can be sponsored. ACS ASU Politehnica Timișoara, the legal entity under which the football club operates, is entered in the Register under position 173517541 as of 10.05.2019.

 

What are the steps of sponsorship?

Calculate the amount of the sponsorship, up to a maximum of 20% of corporate tax or 7.5 ‰ (per thousand) of turnover.
Fill in the sponsorship contract form with your company’s details and the amount involved, then send it in word format to sebastian.novovic@sspolitehnica.ro or by post to the address Timișoara, Piața Victoriei nr. 2A, et. 1, Rectorat UPT; we will send it back to you at the address indicated by you, signed and stamped.
Pay by bank transfer to the account indicated in the sponsorship contract

 

What do you support with your contribution?

ASU Politehnica Timișoara started its story in the summer of 2012, after the disappearance of the old club. The current sports association is the result of a partnership between Politehnica University Timisoara, one of the most prestigious educational institutions in Romania, the moral and legal owner of the club, and the Timisoara Supporters’ Association “Druckeria”, the entity under which the Politehnica supporters are legally organized.

Since then nine years have passed, we have played more than 250 matches and have achieved three promotions, reaching the professional football – League II. In the meantime, we have managed to create an extremely successful Children and Youth Centre, ranked 10th in the ranking of football academies drawn up by the Romanian Football Federation, ahead of many League I clubs.

Poli is a unique model of organisation in Romanian football, being the only professional football club sponsored by a higher education institution, in partnership with its supporters’ association.

Poli has also initiated and been involved in every social action aimed at bringing a smile on the faces of our fellow human beings in need of support.

 

Want to know more?

We are always at your disposal with more information or answers to your questions at the e-mail address sebastian.novovic@sspolitehnica.ro or at the phone number 0724 654 387 (Sebastian Novovic). We have a way and we will not stop! Forward Polytechnic!

Thank you!

Leave a Reply

Your email address will not be published. Required fields are marked *