Detailed information on types of taxes payable, the lifecycle, declaration deadlines, record-keeping obligations, and other information for a Non-Profit Organization or Public Entity.
Non-profit organizations must also pay taxes and contributions. This part is important because it relates directly to the fulfillment of the organization's mission. If all cost elements of an activity are not identified in advance, you will have difficulty in drawing up budgets and also in implementing them. You will be informed in detail about the type of taxes payable by Non-profit Organizations and Public Institutions.
Non-profit organizations fulfill their mission after initial registration and by following other steps, after registration; changes, transition to passive status, restructurings, and up to their closure. Non-profit organizations are registered with the tax administration, after having previously completed the registration, in accordance with the applicable legislation. (Establishment, Court Registration, Special Licenses if needed). The transition of NGOs to passive status is done at the request of the entity or by the Tax Administration when legal conditions are met. For the deregistration of an NGO, the taxpayer applies to the Court to initiate the deregistration procedure and follow the legal procedure. In this section, you will find detailed information on the steps followed at the time of registration and throughout the entire lifecycle of an organization.
Registering a Non-Profit Organization also entails the obligation to file declarations according to the tax responsibilities for which the taxpayer is registered (profit tax, VAT, social and health insurance, income tax from employment, as well as other taxes/fees depending on the NPO's scope of activity).
Tax return deadlines are an integral part of an organization's planning and an economist's work. Failure to timely file a tax return and make tax payments is accompanied by penalties, lack of planning, and other time-related obstacles. It is important to have information about tax deadlines and schedules, not only as a measure to avoid penalties but, much more importantly, to understand the timeframes, obligations, and then to accurately follow your deadlines and plan. Familiarize yourself with the tax return calendar for Non-Profit Organizations, according to the type of tax liability in which you are registered.
Non-Profit Organizations and Public Entities/State Enterprises have a legal obligation to maintain and document the activities they carry out according to the legal requirements in force. The required documentation is in function of the tax responsibilities for which these entities are registered.
At this link, you will find the published Taxpayer's Charter, which is a document that concisely explains taxpayers' rights and obligations. The purpose of the Taxpayer's Charter is to build a bridge between the Tax Administration and the taxpayers it serves, through mutual trust and respect. The Charter explains taxpayers' rights and obligations, with the aim of promoting stronger relationships between taxpayers and the Tax Administration, as well as the spirit of voluntary tax payment within legal deadlines.
