According to the provisions of the tax law, eligible institutions include China Youth Development Foundation, Hope Project Foundation, Soong Ching Ling Foundation, Disaster Reduction Committee, China Red Cross Society, China Disabled Persons' Federation, National Foundation for Ageing, Old District Promotion Association, and other non-profit public welfare organizations approved by civil affairs departments. ?

Specific targets such as non-profit organizations and associations include

1, donate to the Red Cross.

2. Donate to china green foundation.

3. Donations to specific educational undertakings, such as donations to state-funded primary and secondary schools.

4. Donations to certain specific cultural undertakings, such as national key symphony orchestras, ballet companies, opera companies, Beijing Opera companies, public libraries, museums, science and technology museums, art galleries, etc.

5. Donations to certain groups, such as the Executive Committee of the Chinese Cultural Renaissance Movement, the Foundation for Self-Strengthening and Saving the Country, the Association for Solidarity and Self-Strengthening, and the Securities Market Development Foundation.

6. Donations for storms, fires, etc.

Public welfare donation refers to public welfare and relief donation (hereinafter referred to as public welfare donation), which refers to the taxpayer's donation to education, civil affairs and other public welfare undertakings and natural disaster-stricken areas and poverty-stricken areas through China's non-profit social organizations and state organs.

Article 9 of the current enterprise income tax law stipulates: "If the public welfare donation expenditure incurred by an enterprise is within 12% of the total annual profit, it is allowed to be deducted when calculating the taxable income." The total annual profit refers to the amount greater than zero calculated by the enterprise according to the unified accounting system of the state. The proceeds will be donated to the poor.

In Article 51 of the Regulations for the Implementation of the Enterprise Income Tax Law, it is clear that the public welfare donation mentioned in Article 9 of the Enterprise Income Tax Law refers to the donation made by enterprises to public welfare undertakings through public welfare social organizations or people's governments at or above the county level and their departments for the public welfare undertakings stipulated in the Donation Law of People's Republic of China (PRC).

References:

Baidu Encyclopedia Charity Donation