Romania has the most vegetable farms in the European Union. However, one-third of the vegetables consumed by Romanians come from imports. The processing capacity of Romanian vegetables barely reaches 50%. Agriculture in Romania needs financial support to reach its real potential.
In this context, we, at FDAgri, will focus on the systemic development of agriculture. For a major impact with benefits among small and medium-sized farmers, the resources invested will focus as a priority on the national vegetable sector for a minimum period of 5 years. In the coming years, we are aiming to extend the programs to other agricultural sectors.
How can I become a strategic partner?
How can I become a strategic partner? Get in touch with us! 0ffice@fdagri.ro
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I direct up to 20% of the corporate tax.
Contributes to the FdAgri mission by targeting up to 20% of corporate tax.
No cost! *
Tax Code and Law No. 32/1994 on sponsorship allow commercial companies paying corporation tax to direct up to 20% of the amount due annually to the state budget to non-governmental organizations. The amount offered by way of sponsorship which is deducted from the corporation tax due to the State may not exceed 20 % of the corporation tax or 0.5% of the turnover**
What is the value of your contribution?
Calculation example:
Turnover (total income) = 2.000.000 lei
Taxable profit = 200.000 lei
Tax on this profit (16%) = 32.000 lei
You can direct the smallest amount of
• 0,5% turnover = 10.000 lei
• 20% from tax = 6.400 lei
In this case, a sponsorship of up to 6,400 lei can be deducted from the tax.
What impact does sponsorship have on the company?
What impact does sponsorship have on the company? Targeting a share of corporation tax through sponsorship does not affect the company's net profit. Besides, the sponsorship law also provides for another tax facility, that of the tax credit. This allows the sponsor to make sponsorships even if he does not make a profit in the current year, the amount is covered by a tax credit available for 7 years. During this time, the company has time to improve its financial results and deduct from the future profit tax the sponsorships made in the years without profit, accumulated in the tax credit.
Thank you!
*the procedure does not involve additional costs on the part of the company
**Tax Code 2012 – Title 2, Chapter II, Article 21, paragraph 4, point p