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Sponsorship: A positive influence without fiscal risks

Sponsorship: A positive influence without fiscal risks

No country can function without taxes. In the absence of a tax system, the state cannot provide public services such as health, security, education and infrastructure.

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However, Romanian legislation recognizes that there are other organizations, besides the state, that can have a positive influence on collective good. Any company in Romania may decide to redirect up to 20% of its corporate income tax or micro-enterprise tax to a non-profit entity as sponsorship. The state will always receive the remaining 80% (minus any other possible tax reductions).
 

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