Post by account_disabled on Mar 7, 2024 5:02:52 GMT
A proposal of the government of Prime Minister Edi Rama states that large businesses, in case they decide to sponsor a sports team, are allowed not to pay tax for three times the amount sponsored, turning the sponsorship from a charity to a business with the charity. with further complications in the country's policy making. The Albanian government has proposed a new fiscal exception, clearly selective and calibrated in the service of big business and the connections that this business has with the financing of sports teams as a common means of making politics in the country.
The proposal to amend the income tax law provides that Cambodia Telegram Number Data large companies with a turnover of over 100 million lek will have the right to sponsor sports teams, recognizing as deductible expenses not only the sponsored amount, but three times the amount of sponsored. In short, if big business sponsors a football team to the extent of 10 Lek, it does not pay 15% profit tax on three times this amount or 30 Lek. The draft law is clearly selective regarding both sponsors and beneficiaries of sponsorships. In order to benefit from the law, you must be a large business with a turnover of over 100 million lek (approximately 830 thousand euros per year), while the destination of the donation must be only "sports teams, part of sports federations recognized by the legislation in force in the field" .
Read also: Berisha: This regime will never succeed in defeating me, the united PD terrifies Rama Beleri was sentenced to 2 years in prison, the lawyer reacts: Political decision as Rama ordered! It means, in case a business wants to sponsor the development of culture or wants to do social charity, or wants to sponsor different organizations, it recognizes these sponsorships as deductible expenses provided that they do not exceed 5% of the annual profit gross and only to the extent of sponsorship. But if you are a big business and want to sponsor a football team, then you benefit from this new legislation.
The proposal to amend the income tax law provides that Cambodia Telegram Number Data large companies with a turnover of over 100 million lek will have the right to sponsor sports teams, recognizing as deductible expenses not only the sponsored amount, but three times the amount of sponsored. In short, if big business sponsors a football team to the extent of 10 Lek, it does not pay 15% profit tax on three times this amount or 30 Lek. The draft law is clearly selective regarding both sponsors and beneficiaries of sponsorships. In order to benefit from the law, you must be a large business with a turnover of over 100 million lek (approximately 830 thousand euros per year), while the destination of the donation must be only "sports teams, part of sports federations recognized by the legislation in force in the field" .
Read also: Berisha: This regime will never succeed in defeating me, the united PD terrifies Rama Beleri was sentenced to 2 years in prison, the lawyer reacts: Political decision as Rama ordered! It means, in case a business wants to sponsor the development of culture or wants to do social charity, or wants to sponsor different organizations, it recognizes these sponsorships as deductible expenses provided that they do not exceed 5% of the annual profit gross and only to the extent of sponsorship. But if you are a big business and want to sponsor a football team, then you benefit from this new legislation.