Functions and roles of the Ministry of Finance of charitable organizations

The situation that the do-gooder has to pay donation tax, the problem is not in the tax bureau, the most fundamental is the current management of various foundations is very chaotic. Some foundations are not at all for the people, purely fraudulent, collected up to spend their own! "So for social charitable funds must be legislated for management, the key is that there must be transparency, like foreign charitable funds, all of its accounts must be regularly published to the community, the use of the funds received must be in line with the wishes of the donor. And this is the biggest loophole in the management of our current charities!

According to the representative of Ni, at present in our country, only donations to the Song Ching Ling Foundation, the Red Cross and the three major Chinese charities set up by the State Civil Affairs Bureau can obtain invoices for the amount of the donations, which are exempted from tax by virtue of the invoices. In addition, all other types of donations are subject to tax.

The two cases of individual and corporate donations are treated differently:

1. Chapter 2, Article 9 of the Law of the People's Republic of China on Enterprise Income Tax stipulates that public welfare donations made by an enterprise are allowed to be deducted from the calculation of taxable income if they are less than 12% of the total annual profit.

2, individuals through non-profit social organizations and state organs of other donations are divided into two cases,

One is not more than 30% of the taxable income declared by the taxpayer is allowed to be deducted from the current taxable income.

The second is that individuals through non-profit social organizations and state organs of the donation there are 27 individual donations and not subject to the 30% deduction limit, can be fully deducted. They are: the Red Cross, rural compulsory education, public welfare youth activities, welfare, non-profit elderly service organizations, China Health Express Foundation, Sun Yefang Economic Science Foundation, China Charity Federation, China Legal Aid Foundation, China Foundation for Justice and Courage, education, Soong Ching Ling Foundation, China Welfare Association, China Disabled Persons Welfare Foundation, China Foundation for Poverty Alleviation, China Coal Mine Pneumoconiosis Treatment Foundation, and so on. China Coal Mine Pneumoconiosis Treatment Foundation, China Environmental Protection Foundation, China Education Development Foundation, Shanghai World Expo Bureau, China Foundation for the Development of Aging, China Foundation for Chinese Language Education, China Greening Foundation, China Foundation for the Conservation of Biodiversity, China Foundation for the Guangcai Program, China Women's Development Foundation, China Foundation for Health Education for the Concerned Next Generation, China Foundation for Healthcare Development and other organizations that are allowed full deduction as stipulated by the Ministry of Finance and the State Administration of Taxation.