Non-governmental organizations that received sponsorship from personal income tax must submit a declaration indicating the treasury amounts they received. The order of the Ministry of Finance (370/2024) provides for the format of this declaration, which is regulated by the Decree on trains (OG 115/2023). This regulatory act was studied by fiscal consultant Adrian Benza.

The report will be attached to the annual financial statements, the deadline is April 29, 2024.

Failure to submit is punishable as a violation by a fine of 20,000 to 30,000 lei.

According to Benzi, the declaration is made in the form of a standardized table, and the regulatory act regulates two filling structures depending on the value of the received amounts.

• If the respective beneficiary of the sponsorship has benefited from an amount exceeding 100,000 lei accumulated annually, he fills in a declaration in a complicated form;
• If the respective beneficiary of the sponsorship has benefited from an amount accumulated annually of less than 100,000 lei, then he fills in a declaration using a restricted access form.

The declaration will be filled out using a computer program provided to the taxpayer by the authorities.

“If there are entities that have submitted annual financial statements without submitting this declaration, then such entities are required to submit a declaration within no more than 60 days, counting from the date from which annual financial statements must be submitted. The declaration is signed in the same way as the annual financial statements, both by the person who performs the duties of administration of the relevant non-property economic entity, and by the person who has the legal right to keep accounting records,” says Adrian Benza.

See also:

• The Trenulet resolution puts an end to sponsoring of NGOs