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> May 2008 - Earthquake victims in Sichuan
May 2008 - Earthquake victims in Sichuan
May 2008
Donations for the earthquake victims in Sichuan - tax update
Although it has been more than a week since the devastating disaster in Sichuan, donations are still necessary to help the victims. When making donation, the following points deserve attention:
Corporate Enterprises’ Donation limit for deduction purpose
Under Article 9 of the <PRC Enterprise Income Tax Law> (“EITL”), an enterprise can claim charitable expenditure against taxable profit up to 12% of its annual accounting profit.
2008-05 Special Sichuan (.pdf - 139.60 kB)
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