Yes, but there are also preferential policies! 1. Taxpayers who make donations through charitable groups recognized by the civil affairs department can make pre-tax deductions when paying corporate and personal income taxes. Previously, only a few large charitable foundations in Beijing, Shanghai and other places enjoyed this preferential policy. 2. The "Notice on Pre-tax Deduction Policies and Related Management Issues for Public Welfare Relief Donations" (Caishui [2007] No. 6) jointly issued by the Ministry of Finance and the State Administration of Taxation stated that non-profit public welfare organizations established with the approval of the civil affairs department Social groups and foundations that meet the relevant stipulated conditions and are confirmed by the finance and taxation departments, through which taxpayers use their donations for public welfare relief, may be allowed to be included in the calculation of corporate and individual contributions in accordance with current tax laws, regulations and relevant policies. The income tax is deducted before income tax.

Regarding the so-called pre-tax deduction, Ma Zhongqi, executive deputy secretary-general of the Shanghai Charity Foundation, explained to the Morning Post reporter: "That is, if a company has 1 million yuan, it needs to pay taxes in accordance with relevant policies, and he will pay taxes to Shanghai The city charity foundation donated 800,000 yuan, so he only needs to pay taxes on the remaining 200,000 yuan in accordance with relevant policies.

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