Core Viewpoint - The article discusses the tax incentives for donations aimed at poverty alleviation in designated impoverished areas, encouraging social contributions to rural revitalization efforts [2][5]. Group 1: Tax Incentives for Donations - From January 1, 2019, to December 31, 2025, taxpayers donating goods for poverty alleviation through recognized social organizations or government entities in targeted impoverished areas are exempt from value-added tax (VAT) [2]. - The policy allows for retroactive application of VAT exemption for qualifying donations made between January 1, 2015, and December 31, 2018 [2]. - The targeted impoverished areas include 832 key counties for poverty alleviation and registered impoverished villages [3][6]. Group 2: Corporate Income Tax Deductions - Corporations making qualifying donations for poverty alleviation from January 1, 2019, to December 31, 2025, can deduct these expenses from their taxable income [5]. - Donations made for poverty alleviation are excluded from the annual limit on deductions for other charitable contributions [5]. - Corporations can also retroactively apply the income tax deduction for qualifying donations made between January 1, 2015, and December 31, 2018, that were not previously deducted [5][7].

Core Viewpoint - The article emphasizes the promotion of inclusive finance development and encourages social forces to increase donations for rural revitalization, highlighting tax deductions for charitable contributions made by enterprises and individuals [2][5]. Summary by Relevant Sections Enterprise Donations - Enterprises can deduct charitable donations from their taxable income up to 12% of their annual profit. Donations exceeding this limit can be carried forward for up to three years [3][4]. - The deduction applies to donations made through recognized public welfare organizations or government departments for charitable activities [3][4]. Individual Donations - Individuals donating to public welfare causes through recognized organizations can deduct up to 30% of their declared taxable income from their taxable income [6][8]. - The deduction applies to various forms of donations, including monetary assets and non-monetary assets, with specific valuation methods outlined for each type [8][9]. Eligibility Criteria - Public welfare organizations must meet specific legal requirements, including having legal status, non-profit objectives, and proper financial accounting systems [7]. - Individuals and enterprises must ensure their donations are made through qualified organizations to benefit from tax deductions [6][7]. Policy References - The article cites relevant laws and regulations, including the Enterprise Income Tax Law and the Individual Income Tax Law, which govern the tax treatment of charitable donations [13][20].