How will we spend the money? 50% of donations will be allocated to the Integrated Preterm Centre
The Fiscal Code and Sponsorship Law Nr. 32/1994, as amended and supplemented, states that firms can redirect up to 20% of their owed income tax to a non-governmental organisation by signing a sponsorship agreement with it, within a limit of 0.5% of their turnover – which will be deducted from their income tax. If your business turns a profit and pays tax, you can sponsor us and the amount you offer will be deducted directly from your owed tax. An example:
If a company’s turnover is 20,000 € and a 1,500 € income tax is owed, it may redirect any amount between a minimum of 0.5% of its turnover (20,000 * 0.5%) = 100 € and a maximum of 20% of its income tax (20% * 1,500) = 300 €.
The facilities for redirecting 20% of your income tax can be found here.
If you need additional information, you can write to us at email@example.com.