Beijing Municipal Finance Bureau, Beijing Municipal Tax Service, State Taxation Administration and Beijing Municipal Civil Affairs Bureau put up an announcement of the list of nonprofit social organizations that are eligible for pre-tax deduction in charitable donation in Beijing in 2020. SSIP and other 264 nonprofit social organizations get the qualification.
The qualification of pre-tax deduction for charitable donation is valid for three years nationwide, according to the regulation of Announcement of the Ministry of Finance, State Taxation Administration and the Ministry of Civil Affairs on Matters Concerning Pre-Tax Deduction for Charitable Donation (Ministry of Finance, State Taxation Administration and Ministry of Civil Affairs No.27, 2020).
SSIP acquires the qualification of pre-tax deduction for charitable donation over the years because it has strictly implemented Management Regulations of SSIP and the financial management regulations of the foundation since its establishment. In November 2018, SSIP won the title of “4A Level” Foundation after the evaluation of professional appraisal agency and committee commissioned by Beijing Municipal Civil Affairs Bureau.
Source: Network of Beijing Municipal Tax Service, State Taxation Administration http://beijing.chinatax.gov.cn/bjswj/sszc/zxwj/202012/de00fb0c832e4f078c2d83e342 118dd0.shtml?CNmfmmzgEIxV=1610344667566
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