Personal donation refers to the donation expenditure in the name of an individual. Donors are individuals, and individuals donate some funds from their personal income (including comprehensive income and classified income). Personal public welfare donations are allowed to be deducted before tax when calculating the taxable income of personal income tax, and the part that does not exceed 30% of the taxable income is allowed to be deducted from the taxable income of the current period.
Donations from wages and salaries to foreign public welfare undertakings are allowed to be deducted before tax when taxes are paid in advance, and donations from other comprehensive income (income from labor remuneration and royalties) to foreign public welfare undertakings need to be deducted when personal income tax is settled.
Personal charitable donation expenditure can also be deducted from the classified income (property rental income, property transfer income, interest dividend income, accidental income) obtained in the current month; If operating income is deducted from public welfare donation expenses, it can be deducted when personal income tax is paid in advance, or it can be deducted when operating income is settled.