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Minister Of Civil Affairs: Individual Income Tax Exemption For The Amount Donated To Elderly Care Institutions

2010/11/29 16:17:00 367

Individual Income Tax Pension Institution Policy

On November 28, Li Liguo, Minister of Civil Affairs, said in an interview with the media on how to speed up the establishment and improvement of the social elderly care service system that individuals who donate to welfare and non-profit elderly care institutions through non-profit social groups and government departments are paying individual income tax Full deduction is allowed before.


Li Liguo introduced that there are 167 million elderly people in China, including 18.99 million elderly people over 80 years old, 10.36 million disabled people and 21.23 million semi disabled people. They all need social care services to varying degrees. At present, our society Elderly care There are still many deficiencies in the service system.


Li Liguo said that the state has formulated a series of preferential support in land, tax, water, electricity and other aspects policy Encourage social forces to set up pension institutions, but some regions and departments have not yet implemented these policies. The Ministry of Civil Affairs will further promote the implementation of the existing preferential support policies, in which individuals' donations to welfare and non-profit elderly care institutions through non-profit social organizations and government departments are allowed to be fully deducted before paying individual income tax. If enterprises, public institutions, social organizations and other social forces make donations to public welfare undertakings such as elderly care institutions, 12% of the total annual profits of enterprises can be deducted before income tax.


Li Liguo said that during the "Twelfth Five Year Plan" period, every thousand elderly people should have 30 nursing beds of all kinds, the rural five guarantees centralized support rate should exceed 40%, rural disabled and semi disabled elderly people can get care services, and qualified rural communities should carry out home-based elderly care services. The civil affairs department will also strengthen the formulation of the plan for the construction of the elderly care service system, and expand the exploration of the long-term care system, long-term care insurance mechanism, and the establishment of a modern elderly industry system.

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