Announcement on Individual Income Tax Policy for Public Welfare Charitable Donations

Publisher:李岱Release time:2020-12-29Number of visits:22

Announcement on Individual Income Tax Policy for Public Welfare Charitable Donations

Notice No. 99 2019 by the Ministry of Finance and the State Administration of Taxation

    In order to implement the Individual Income Tax Law of the People's Republic of Chinaand the relevant regulations, the announcement on individual income tax policy for public welfare charitable donations is as follows:

1. For donations (hereinafter referred to as public welfare donations) made by individuals to education, poverty alleviation, poverty relief and other public welfare charities through public welfare social organizations in the territory of the People's Republic of China, governments at or above the county level and their departments and other state agencies, the expenditures incurred in public welfare donations may be deducted when calculating the taxable income in accordance with the relevant provisions of the Individual Income Tax Law of the People's Republic of China...

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