form 177
your company can sponsor without affecting its cash flow
order 1679/2022 provides that, within 6 months of submitting the profit/income statement, companies can submit form 177 by which they request ANAF to redirect to an NGO (or more) the amounts not used during the year.
in other words, through a sponsorship agreement and filing form 177, your company can redirect the difference between the actual sponsorship potential and how much it actually sponsored.
good to know: your company does not incur any additional expenses with this sponsorship. ANAF redirects directly to us the amount indicated in the form, from taxes that your company has already paid.
the form can be filled in by companies that have not exhausted their ceiling of deductible sponsorships from the previous year. submission can be made both electronically and in printed format.