Reducing the tax due by supporting NGOs. What are the conditions that must be met?
Tax benefits of sponsorship
The tax treatment of sponsorship expenses is provided by the Fiscal Code. Legal entities registered as corporate income tax payers that grant sponsorships in accordance with the relevant legislation may benefit from tax credit (deduction from the corporate income tax due) for these sponsorship expenses, which means that part of the tax due to the state budget is redirected towards the entities sponsored.
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