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Is Jet Li One Foundation a charitable donation? Can the expenses incurred be deducted before income tax?
Jet Li One Foundation is a charitable donation, and the expenses incurred can be deducted before income tax. The part within 12% of the annual profit of the enterprise is allowed to be deducted when calculating the taxable income.

30% of the taxable income declared by individual taxpayers can be deducted, and the excess can not be deducted.

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