Methods/Steps Donation expenses of enterprises to charitable activities and public welfare undertakings through public welfare social organizations or people's governments at or above the county level and their constituent departments and directly affiliated institutions are allowed to be deducted when calculating taxable income; The part exceeding the total annual profit 12% is allowed to be deducted when calculating the taxable income within three years after carry-over. When calculating the deduction of public welfare donation expenditure, enterprises should first deduct the donation expenditure carried forward from previous years, and then deduct the donation expenditure that occurred in that year. From 20 19 1 10/to 2022 1 231February, the donations provided by enterprises to poverty alleviation in designated poverty-stricken areas through public welfare social organizations or people's governments at or above the county level and their constituent departments are allowed to be deducted when calculating the taxable income of enterprise income tax. During the implementation of the policy, the above policies can continue to be applied to areas that have achieved poverty alleviation. When the enterprise has both poverty alleviation donation expenditure and other public welfare donation expenditure, the eligible poverty alleviation donation expenditure is not counted when calculating the annual deduction limit of public welfare donation expenditure. ? Individuals use their income to donate to charitable organizations such as education, poverty alleviation and poverty alleviation, and the donation amount shall not exceed 30% of the taxable income declared by taxpayers? Part of it can be deducted from its taxable income; If the State Council stipulates that donations to charity should be fully deducted before tax, such provisions shall prevail. Individuals donate their income to public welfare charities such as education, poverty alleviation and poverty alleviation, which means that individuals donate their income to public welfare charities such as education, poverty alleviation and poverty alleviation through public welfare social organizations and state organs in China. Taxable income refers to the taxable income before deducting donations. Donations provided by individuals to the Red Cross, education, rural compulsory education and public welfare youth activity places (including new ones) through non-profit social organizations and state organs are allowed to be fully deducted from pre-tax income when calculating and paying personal income tax. six
According to the relevant regulations of the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China, individuals use six units including Soong Ching Ling Foundation, eight units including China Medical and Health Development Foundation, China Education Development Foundation and China Aging Development Foundation, and five units including China Health Express Foundation to make charitable donations. Those who meet the relevant conditions are allowed to deduct in full before paying personal income tax. seven
According to the relevant regulations of the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China, individuals who donate to welfare and non-profit pension service institutions through non-profit social organizations and government departments are allowed to be fully deducted before paying personal income tax.