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Donations for Tax Saving
The relative discount of income tax for the donation for private educational organizations by company and individual is as follow:
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捐贈人
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稅賦類別
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受 贈 對 象（ 私 立 教 育 團 體 ）
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Individual
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Income Tax
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If the amount of donation is under 20% of gross income, it can be the itemized deduction of individual income tax. However, if the donation is given to private school through Private School Scholarships Foundation and the amount of donation is under 50% of gross income, it can be the itemized deduction of individual income tax.
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Profit-seeking Enterprise
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Income Tax
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If the amount of donation is under 10% of the total income, it can be period charges. However, if the donation is given to private school through Private School Scholarships Foundation and the amount of donation is under 25% of gross income, it can be period charges.
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To give a better understanding of the way how to save tax by donating to Wenzao, here are several methods you can follow and pay attention: