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].

Core Viewpoint - The article discusses the tax deduction policies for corporate and individual charitable donations in China, outlining the eligibility criteria, donation limits, and necessary documentation for tax deductions. Group 1: Corporate Charitable Donations - Corporate donations to qualified charitable organizations or government departments for charitable activities can be deducted from taxable income up to 12% of the annual profit [5][6] - Donations exceeding the 12% limit can be carried forward for deduction in the next three years [5] - From January 1, 2019, to December 31, 2025, donations for poverty alleviation in targeted areas can be fully deducted from taxable income [5] - Charitable donations must be made through organizations with tax deduction qualifications and must comply with relevant laws [6][7] - The donation amount is confirmed based on the actual cash received or the fair value of non-cash assets [8] - Charitable organizations must apply for tax deduction qualifications and submit annual reports to maintain eligibility [9] Group 2: Individual Charitable Donations - Individuals can deduct charitable donations made to qualified organizations or government departments from their taxable income, specifically for education, poverty alleviation, and assistance [13] - The deduction limit for individuals is up to 30% of their declared taxable income [15] - Donations must comply with the definitions of charitable activities as per relevant laws [17] - Individuals must obtain donation receipts and can use bank payment proofs temporarily if receipts are not available [17] - Documentation must be provided within 90 days of the donation to ensure eligibility for tax deductions [17]

Core Viewpoint - The article discusses the tax policies related to charitable donations in China, emphasizing the incentives for both individuals and enterprises to engage in philanthropic activities through tax deductions for qualifying donations [6][9][10]. Group 1: Tax Policies for Enterprises - Enterprises can deduct charitable donations made to specific channels, such as public welfare organizations and government agencies, from their taxable income [6][8]. - Donations for poverty alleviation made from January 1, 2019, to December 31, 2025, are fully deductible if directed to targeted poverty-stricken areas [9]. - For general charitable donations, enterprises can deduct amounts up to 12% of their annual profit; any excess can be carried forward for up to three years [8][10]. Group 2: Tax Policies for Individuals - Individuals can deduct charitable donations from their taxable income, with the deductible amount not exceeding 30% of their declared taxable income [10]. - Donations made to specific non-profit organizations, such as those supporting rural education or the Red Cross, are eligible for full tax deductions [11]. - Individuals must retain proper documentation, such as donation receipts, to substantiate their claims for tax deductions [13]. Group 3: Documentation and Compliance - Charitable organizations and government bodies must issue donation receipts to individuals and enterprises, which are necessary for tax deduction claims [4][13]. - If individuals cannot obtain receipts in a timely manner, they may use bank payment vouchers temporarily, but must provide the official receipts within 90 days [13]. - For collective donations organized by enterprises, a summary receipt can be used for tax deduction purposes [14].

Group 1 - The article discusses the tax deduction policy for charitable donations made by enterprises, allowing deductions up to 12% of annual profit before tax, with excess amounts eligible for carryover deductions for up to three years [1][2] - From January 1, 2019, to December 31, 2025, enterprises can deduct actual amounts for donations aimed at poverty alleviation in designated areas, with the policy continuing if the areas achieve poverty alleviation [1] - Charitable donations must be made through qualified social organizations or government departments, and enterprises must retain proper documentation for tax deductions [1][2] Group 2 - The donation amount is confirmed based on the actual cash received for monetary donations and the fair value for non-monetary donations, with proof required for non-monetary asset valuations [2]

Core Viewpoint - The article discusses the tax deduction policies for individual charitable donations in China, outlining the conditions and procedures for individuals to benefit from tax deductions on their donations to eligible charitable organizations [5][6]. Summary by Sections Eligibility for Tax Deductions - Charitable donations must be made to organizations that meet the criteria set forth in the "Charity Law of the People's Republic of China" and the "Public Welfare Donation Law" [5]. - Donations must be directed towards public welfare and charitable causes such as education, poverty alleviation, and assistance to the needy [5]. Qualified Donation Channels - Donations can be made to: 1. Public welfare social organizations within China that have obtained tax deduction qualifications [5]. 2. Government departments at or above the county level [5]. Tax Deduction Limits - Individual donations can be deducted from taxable income up to 30% or 100% depending on the type of donation. The full deduction applies to donations specified by the State Council [5]. Operational Guidelines - Individuals can claim deductions by logging into the personal income tax app and following a series of steps to input donation details, including the recipient's information and donation amount [6]. - The process includes confirming employment information, entering donation amounts, and uploading supporting documents [6]. Additional Information - The tax deduction qualification for public welfare organizations is valid for three years and can be verified through official government websites [5]. - The article also provides a link to a video guide on how to claim these deductions [8].