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CIRCULAR OF STATE ADMINISTRATION OF TAXATION ON ISSUES OF PRE-TAX DEDUCTION BY TAXPAYERS WHO DONATE TO CHINA ENVIRONMENTAL PROTECTION FOUNDATION |
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(No.762 [2003] of the State Administration of Taxation promulgated on June 30, 2003) |
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SUBJECT : PRE-TAX DEDUCTION; DONATION TO CHINA ENVIRONMENTAL PROTECTION FOUNDATION |
ISSUING DEPARTMENT : STATE ADMINISTRATION OF TAXATION |
ISSUE DATE : 06/30/2003 |
IMPLEMENT DATE : 06/30/2003 |
LENGTH : 124 words |
TEXT : |
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The China Environmental Protection Foundation is an organization for public benefit, which was established after being approved by the People's Bank of China, and was registered in the Ministry of Civil Affairs. According to the relevant provisions of the "Provisional Regulation of the People's Republic of China on Enterprise Income Tax" and "Individual Income Tax Law of the People's Republic of China", the donation to the China Environmental Protection Foundation by the taxpayers shall fall with the scope of donation for public relief, of which the portion that does not exceed 3% of the taxes payable if it is an enterprise taxpayer, and the portion that does not exceed 30% of the taxes payable if it is an individual, may be deducted before tax.
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