The growing concern of companies for a sustainable future and achieving social responsibility goals under the umbrella of ESG (Environmental, Social, Governance) is supported by tax instruments that can be used to contribute more by sponsoring social or environmental causes.
With not much left until the end of 2022, it is important to note that some companies still have the option to redirect a maximum of 20% of the tax paid in 2021 to sponsorship this year, or to provide sponsorship directly from the 2022 budget.
Direct appeal and sponsorship
Compared to previous years, companies can now carry out sponsorships and/or acts of patronage and/or provide private scholarships by choosing to redirect part of the income tax/microenterprise income through an application to ANAF, and not just by directly awarding the beneficiaries as before.
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The article is signed by Camelia Nice, Director, Miruna Lungu, Senior Manager, Aline Dumitriou, Manager
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Source: Hot News
Mary Robinson is a renowned journalist in the field of Automobile. She currently works as a writer at 247 news reel. With a keen eye for detail and a passion for all things Automotive, Mary’s writing provides readers with in-depth analysis and unique perspectives on the latest developments in the field.