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.
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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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.