Sponsorship / patronage: the procedure for redirecting profit tax

The new procedure approved by ANAF Order No. 3562/2024 and published in the Official Gazette No. 643 on July 5, 2024, establishes the rules that profit taxpayers must follow to redirect part of their profit tax to sponsorship and/or patronage. In addition to this procedure, the order also provides the template, content, and instructions for completing several forms, including Form 177, “Request for Redirecting Profit Tax.”

The ANAF Order comes into force and applies to the amounts pertaining to the financial year 2024 or the modified financial year starting in 2024.