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Individual public welfare donations are also subject to personal tax, but they are exempted if the amount of the donation does not exceed 30% of the taxable income of the donor's personal tax declaration.

Regarding the issue of personal tax deduction, there are the following two special situations: first, after the newly established foundation applies to obtain the pre-tax deduction qualification for donations, the donor of the original fund can enjoy full pre-tax deduction according to the law with the donation receipt; second

Second, for some approved foundations, such as the Rural Compulsory Education Foundation, Soong Ching Ling Foundation, China Welfare Society, Red Cross Society of China, etc., individual donations can be fully exempt from personal tax.

Corporate donations are OK.

The "Enterprise Income Tax Law" stipulates that pre-tax deductions for public welfare donation expenditures incurred by an enterprise within 12% of the total annual accounting profit are allowed.

The so-called public welfare donations refer to donations made by enterprises through public welfare organizations or people's government departments at or above the county level for public welfare undertakings stipulated in the "China Public Welfare Donation Law".

Public welfare organizations generally refer to foundations and charities that are not for profit, such as the Red Cross and the One Foundation.

Expanded information The standard classification of public welfare and relief donation expenditures is as follows: 1. Allow 1.5% proportional deduction. Due to the particularity of financial and insurance enterprises, the "Notice of the Ministry of Finance and the State Administration of Taxation on Income Tax Issues Concerning Financial and Insurance Enterprises" (Finance and Taxation Words [

1994] No. 027) stipulates that donations made by financial and insurance enterprises for public welfare and relief can be deducted within the standard of not exceeding 1.5% of the enterprise's taxable income for the year.

2. The "Notice of the Ministry of Finance and the State Administration of Taxation on Promoting Preferential Policies for Cultural Value-Added Tax and Business Tax" (Caishui [2006] No. 153) allows for a 10% deduction: from January 1, 2006 to December 31, 2010

For public welfare donations made by social forces such as enterprises, institutions, social groups, and individuals through state approval to non-profit public welfare organizations or state agencies for publicity and cultural undertakings, after review by the tax authorities, when taxpayers pay corporate income tax, they shall

The portion within 10% of its annual taxable income can be deducted when calculating taxable income.