Individual Income Tax Law of the People's Republic of China

Publisher:李岱Release time:2020-12-29Number of visits:23

Individual Income Tax Law of the People's Republic of China

According to Article 6 of the Individual Income Tax Law of the People's Republic of China revised by the State Council in December 2018, Individuals donate their income to education, poverty alleviation, poverty relief and other public welfare charities, the part whose donation amount does not exceed 30% of the taxpayer's declared taxable income can be deducted from their taxable income. If the State Council stipulates that the donation of public welfare charities shall be fully deducted before tax, such provisions shall prevail.

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