Article 9 of the current enterprise income tax law stipulates: "The public welfare donation expenses incurred by an enterprise within 12% of the total annual profit are allowed to be deducted when calculating the taxable income." The total annual profit refers to the amount greater than zero calculated by the enterprise according to the unified accounting system of the state. The proceeds will be donated to the poor.
In Article 51 of the Regulations for the Implementation of the Enterprise Income Tax Law, it is clear that the public welfare donation mentioned in Article 9 of the Enterprise Income Tax Law refers to the donation made by enterprises to public welfare undertakings through public welfare social organizations or people's governments at or above the county level and their departments for the public welfare undertakings stipulated in the Donation Law of People's Republic of China (PRC).
Public welfare donation information
Article 3 of the People's Republic of China (PRC) Public Welfare Donation Law clearly stipulates that the public welfare mentioned in this Law refers to the following non-profit-making projects:
(a) activities of social groups and individuals in need of help, such as disaster relief, poverty alleviation and disability assistance;
(2) Education, science, culture, health and sports;
(3) Environmental protection and public facilities construction;
(4) Other public interests and welfare undertakings that promote social development and progress.
Refer to the above? Baidu encyclopedia-charity donation