In the Official Gazette no. 923/ 21 September 2022 was published the Order no. 1679/2022 for the approval of the Procedure for the redirection of the corporate income tax / micro-enterprises income tax, according to the law, for carrying out sponsorships and / or acts of patronage or granting private scholarships, as well as the model and content of certain forms.
Taking into account the amendments and completions made to the Tax Code by Law no. 322/2021 and GEO no. 20/2022, regarding sponsorships / patronage / private scholarships granted by taxpayers, through Order no. 1679/2022 were approved both the procedure regarding the redirection of the corporate income tax / micro-enterprises income tax, for granting of sponsorships and / or acts of patronage or private scholarships, as well as the form 177 "Request for redirection of the corporate income tax / micro-enterprises income tax".
According to the new tax provisions, the corporate income tax payers or micro-enterprises income tax payers can order the redirection of some amounts from the tax due, within the limit of the tax credit available for the respective tax year decreased by the amounts carried forward and those already granted in the year, within 6 months from the legal deadline for submitting the annual corporate income tax return, respectively of the income tax return of micro-enterprises related to the fourth quarter.
Thus, the option for redirection of the corporate income tax / micro-enterprises income tax is exercised by filling in and submitting the form 177 "Request for redirection of corporate income tax / micro-enterprises income tax ".
The obligation to pay the redirected amount from the corporate income tax / micro-enterprises income tax is of the competent tax authority and it is maintained the condition that the beneficiary of the sponsorship to be registered, on the date of payment of the respective amount by the tax authority, in the Register of entities / places of worship.
As an exception, in the case of redirection to UNICEF or similar organizations that carry out their activity according to special agreements to which Romania is a party, there is no obligation for the beneficiary to be registered in the Register of entities / places of worship for which tax credits are granted.
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