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As a non-profit organization dedicated to promoting economic, social and civic development in Romania, the Association relies on the generous support of donors and sponsors to fund its activities and initiatives. Your donation or sponsorship can have a significant impact on the Association's ability to carry out its mission, including organizing conferences and public debates, developing public policy, promoting good governance practices and encouraging entrepreneurship and local capital.
By supporting the Association, you are investing in Romania's future and contributing to the long-term prosperity and well-being of its citizens. Your donation or sponsorship can be tailored to meet your specific goals and preferences, and we offer our partners a range of opportunities for recognition and visibility. Join us in building a stronger Romania for a better future and explore the sponsorship and donation options on this page. Together, we can create positive change and drive progress for all.
Direct 3.5% to the association providing accredited social services. According to Order No. 80/2022 on the payment of social contributions, you can direct the 3.5% share to support nonprofit entities and units of worship that are accredited social service providers with at least one licensed social service, under the law.
Accredited social service providers are nonprofit entities and houses of worship that have at least one social service licensed under the law. These entities provide services such as health care, education, counselling and other social services to people in need.
You can direct 3.5% of your social contributions by filling in a special form and submitting it to the relevant authorities. The form includes the name and tax identification number of the non-profit organisation or religious body you wish to support.
Yes, you can choose the nonprofit entity or house of worship you want to support, as long as it is an accredited social service provider with at least one social service licensed under the law.
By directing 3.5% of your social contributions to accredited social service providers, you support organisations that provide essential services to people in need. Your contribution can help improve the quality of life of vulnerable individuals and families and contribute to a fairer and more just society.
Yes, there are certain limitations and restrictions on directing 3.5% of social contributions to accredited social service providers. For example, the total amount of contributions cannot exceed 3.5% of your gross income and there are certain rules on the timing and submission of the special form. For more information or assistance, please contact us.
According to Article 8 of Law 32/1994 on sponsorship, Romanian natural or legal persons who make sponsorships benefit from the reduction of the taxable base by the equivalent of the sponsorship, under the terms of the law. According to Art. 21 para. 4 letter p) of the Fiscal Code, taxpayers who make sponsorships according to the provisions of Law no. 32/1994 on Sponsorship, deduct from the income tax due the corresponding amounts within the minimum limit specified below:
a) 3% of turnover;
b) 20% of the corporate income tax.
The procedure is simple: calculate the amount of the 20% of the company's corporation tax and conclude a sponsorship contract with the Association of Entrepreneurs for Development (ASAPD).
The expenses are deductible, so the cost to the company is zero.
The sponsorship is fully tax-deductible if it is within the limits imposed by the tax code (not more than 3% of turnover and 20% of tax).
Direct 20% of your company's taxable income to the Entrepreneurs for Development Association (ASAPD) by signing a sponsorship contract.
The Association of Entrepreneurs for Development (ASAPD) is a non-profit organization that promotes economic and social development by supporting entrepreneurship and Romanian capital, improving governance and anti-corruption efforts, and promoting education and health.
To sponsor ASAPD, your company can calculate 20% of your corporate tax and enter into a sponsorship agreement with the organization. Thus, 20% of your company's taxable income will be directed to support ASAPD activities.
Yes, expenses associated with ASAPD sponsorship are deductible, which means the cost to the company is zero. This makes ASAPD sponsorship an effective way to support social and economic development while reducing tax liabilities.
Yes, there are limits to the amount of sponsorship that can be tax deductible. The tax code imposes a limit of no more than 3% of turnover and 20% of tax on sponsorship contributions. It is advisable to consult a tax advisor to ensure that these limits are respected.
ASAPD sponsorship is a way for companies to contribute to the social and economic development of Romania and support the growth of the business environment and entrepreneurship. In addition, ASAPD sponsorship can help companies reduce their tax liabilities and improve their public image, demonstrating a commitment to corporate social responsibility.
