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CIRCULAR OF STATE ADMINISTRATION OF TAXATION ON ISSUES OF PRE-TAX DEDUCTION BY TAXPAYERS WHO DONATE TO PRIMARY HEALTHCARE FOUNDATION OF CHINA |
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(Letter No. 763 [2003] of the State Administration of Taxation promulgated on June 30, 2003) |
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SUBJECT : PRE-TAX DEDUCTION; DONATION TO PRIMARY HEALTHCARE FOUNDATION OF CHINA |
ISSUING DEPARTMENT : STATE ADMINISTRATION OF TAXATION |
ISSUE DATE : 06/30/2003 |
IMPLEMENT DATE : 06/30/2003 |
LENGTH : 129 words |
TEXT : |
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The Primary HealthCare Foundation of China is a non-profit social organization with the status of an independent legal person, which is to provide financial support to and to develop the undertaking of primary healthcare in the poverty-stricken areas of China. Whereas the undertaking is public welfare, the donation contributed by a taxpayer via the Primary HealthCare Foundation of China, which does not exceed 3% of the taxable income if the taxpayer is an enterprise and not exceed 30% of the taxable income if the taxpayer is an individual, is permitted to be deducted before the income tax in accordance with the relevant provisions of the "Interim Regulation of the People's Republic of China on Enterprise Income Tax" and the "Individual Income Tax Law of the People's Republic of China".
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