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Introduction: With the enhancement of social responsibility and the promotion of philanthropic culture, individuals and enterprises are increasingly donating to public welfare. In order to encourage more donations and regulate the donation market, China has implemented the Administrative Measures for the Use of Donation Bills for Public Welfare Undertakings since February 1. This article will explain the core content of the measures, help donors understand how to use donation receipts as valid proof of pre-tax deduction, and the possible impact of this new policy on donors and grantee organizations.
Text: 1. What is a public welfare donation bill?
A public welfare donation receipt is an official certificate obtained by a donor after donating to a legitimate charitable organization or public welfare project. This document proves that the donor has made a donation and can be used as a basis for claiming tax benefits.
2. The main provisions of the Administrative Measures for the Use of Donation Bills for Public Welfare Undertakings.
According to the newly implemented measures, the donation bill for public welfare undertakings is not only a proof of donation, but also an important basis for applying for pre-tax deduction. This means that when calculating taxable income, donors can deduct the amount of eligible donations from their gross income, thereby reducing the amount of tax they need to pay.
3. How to obtain donation receipts for public welfare?
When donors make donations, they shall request donation receipts for public welfare undertakings from the public welfare organizations receiving the donations. The bill should clearly record the amount of the donation, the date, the name of the donor and the recipient organization, and be stamped with the official seal of the recipient organization to ensure its legitimacy and validity.
4. Conditions for pre-tax deduction of public welfare donation bills.
Not all donations can be deducted before tax using donation receipts. Donors need to ensure the following:
The recipient of the donation must be a public welfare social group or a public interest non-profit organization established in accordance with law;
Donations must be voluntary and gratuitous;
Donations must be used for public welfare and must not have other commercial purposes;
The contents of the donation receipt must be true, accurate and complete.
5. Impact on donors.
The implementation of the new measures provides tax incentives for donors, so that the donation behavior not only reflects social responsibility and love, but also can get a certain economic return. This will undoubtedly increase the public's enthusiasm for donations and promote the development of social welfare undertakings.
6. Impact on the grantee organization.
For non-profit organizations that receive donations, the new management measures require them to provide standardized donation receipts, which will prompt these organizations to strengthen internal management and improve transparency and credibility. At the same time, it also helps to increase public trust in these organizations, which in turn attracts more donations.
Conclusion: The implementation of the Administrative Measures for the Use of Donation Bills for Public Welfare Undertakings is an important step in the standardized and transparent development of China's philanthropy. It not only provides tax incentives for donors, but also promotes the healthy development of non-profit organizations. With the promotion and implementation of this policy, we have reason to believe that public welfare undertakings will usher in a more prosperous future with the support of all sectors of society.