IRS: Consignment to youth associations, of a youth or student character02 December, 2022
Ordinance no. 798/2022, of November 17, 2022, regulates the assignment of a quota equivalent to 0.5% of personal income tax (PIT), assessed on the basis of annual returns, to be made by taxpayers to a youth association, an association of a youth or student nature, under the provisions of paragraph 5 of article 14 of Law no. 23/2006, of June 23, as amended.
This ordinance comes into force on January 1, 2023, and is applicable to income tax returns for 2023 and subsequent years.