In accepting overseas donations at home, we need to pay attention to several aspects:
First, mainland foundations that receive overseas funds should fully communicate with donors on the direction of use of funds and project plans, which should conform to the purpose and mission of the foundation.
Second, after the donation intention is determined, it must be declared to the competent department of the foundation, and the overseas donation funds can be accepted only after approval. The application materials need to explain the source and use of the donated funds, whether the use of the funds is in line with the business scope of the Foundation, the situation of the donors and whether they have carried out activities in China, etc.
In this process, the foundation in Chinese mainland, as the recipient of overseas funds, needs to fully communicate and elaborate with donors and higher authorities to promote understanding and ensure the landing of donated funds and the implementation of projects.
Three, after obtaining the approval of the competent department, the two sides signed a donation agreement, and the donor remitted the donated funds to the collection account agreed in the agreement. The foundation can settle foreign exchange at the bank with the foundation registration certificate, application for foreign exchange collection and donation agreement.
If an overseas donor donates the materials directly used for charity to the donee free of charge, the donated materials shall be exempted from import duties and import value-added tax in accordance with the relevant provisions of the Interim Measures for Exemption from Import Tax on Charitable Donations. The donee applies to the customs for tax reduction or exemption, and the customs will examine and confirm the imported donated materials that meet the requirements.
The donated materials that have been audited and agreed to be imported duty-free shall be supervised by the customs according to regulations. The donee shall, in strict accordance with the requirements stipulated in the donation agreement, complete the recycling of materials such as material distribution and receipt of vouchers.