If an individual uses his income for education and other public welfare undertakings, the part of his donation that does not exceed 30% of the taxable income declared by the taxpayer may be deducted from his taxable income. The donation of personal income to education and other public welfare undertakings refers to the donation of personal income to education and other public welfare undertakings and areas and poverty-stricken areas that have suffered serious natural disasters through social organizations and state organs in China. ?

In addition, donations made by individuals to the Red Cross cause through non-profit social organizations and state organs are deducted in full from pre-tax income when calculating and paying personal income tax. ?

Since July, 20065438 1, donations made by individuals to rural compulsory education 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. ?

Donations provided by individuals to 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. ?

Individuals who use their income for education and other public welfare undertakings may deduct it from the taxable income in accordance with the relevant regulations of the State Council. However, the allowable deduction must meet the following conditions:

(1) must be a donation to public welfare undertakings such as education and natural disaster-stricken areas and poverty-stricken areas in China; ?

(two) must be carried out through non-profit social organizations, state organs and other organizations in China, and shall not be directly donated; ?

(3) Unless otherwise specified, the donation amount shall not exceed 30% of the taxable income of individual income tax.

In addition, personal donations that meet the following donation methods (through non-profit social organizations and state organs) can be fully deducted before paying personal income tax:

Donations to institutions for the elderly and educational undertakings; Donations to the Red Cross cause; Donations to public welfare youth activity places; Donations for public welfare and disaster relief were made to China Health Express Foundation, Sun Economic Science Foundation, china charity federation, China Legal Aid Foundation, China Courageous Foundation, Soong Ching Ling Foundation, china welfare institute, China Welfare Foundation for the Disabled, China Foundation for Poverty Alleviation, china coal miner pneumoconiosis treatment foundation and China Environmental Protection Foundation.

Extended data:

According to the Provisional Regulations of People's Republic of China (PRC) Income Tax Law, the current donation expenditure can be divided into two parts: one is public welfare donation and the other is relief donation; Second, non-advertising sponsorship.

1. Charity and relief donations.

It is divided into two parts: first, if the donation amount is within 12% of the annual accounting profit, it is allowed to be deducted before tax when calculating the enterprise income tax; Second, the part that exceeds the annual accounting profit 12% will not be deducted when collecting enterprise income tax. The above expenses are included in "non-operating expenses" when incurred, and the corresponding tax adjustment is made when the enterprise income tax is paid at the end of the year.

The author believes that if the two are accounted separately, it will be more in line with the principles of clarity and relevance of accounting and reflect the financial situation of enterprises more truly. Accounting treatment is as follows:

1, 12% of the annual accounting profit shall be debited to "non-operating expenses-donation expenses" and credited to "bank deposits" and other subjects. The reason is that this donation expenditure is not directly related to the production and operation of the enterprise, but the enterprise has the obligation to bear this expenditure, which can be deducted before tax, so its expenditure should reflect the donation of the enterprise.

2. There are two views on the accounting treatment of the part where the donation expenditure exceeds 65,438+02% of the accounting profit. One is the same as above, which is an obligation of the enterprise. When it happens, it debits the "non-operating expenditure-donation expenditure" and makes tax adjustment when the enterprise income tax is levied at the end of the year. The second is to debit "surplus reserve-statutory surplus reserve" when it occurs, and debit "capital reserve-donation expenditure" when the enterprise cannot set the surplus reserve.

If the enterprise has neither statutory surplus reserve fund nor capital reserve fund, it will debit "paid-in capital". The reason is that this part of the donation expenditure is not allowed to be deducted before tax, which is an over-obligation behavior, and its expenditure cannot affect the normal operating results of the enterprise. More precisely, it does not affect the profit and loss of the enterprise. In this case, only the rights and interests can be used.

Two, non public welfare, relief donations, as well as non advertising sponsorship, when the business occurs, included in non-operating expenses. ?

References:

Baidu Encyclopedia-Tax Offset