Implement the annual financial report and audit system and project management system, accept the annual inspection organized by the registration authority, and make the activities and projects open, the funding process open and the financial management open.
Tax exemption qualification
The foundation meets the pre-tax deduction conditions for charitable donations. If the donation expenditure of an enterprise to the foundation is within 12% of the total annual profit, it is allowed to be deducted when calculating the taxable income. Individual donation expenses to the foundation are allowed to be deducted before income tax in accordance with current tax laws, administrative regulations and relevant policies.
When does it all start?