Official: donation should be used for epidemic prevention and should not be used for other purposes

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 Official: donation should be used for epidemic prevention and should not be used for other purposes


Enterprises and individuals, through public welfare social organizations or state organs such as the peoples governments at or above the county level and their departments, donate cash and articles used to deal with the pneumonia epidemic caused by the new coronavirus, which are allowed to be deducted in full when calculating the taxable income. Enterprises and individuals shall donate directly to the hospitals responsible for the prevention and control of the epidemic to deal with the epidemic situation of pneumonia caused by the new coronavirus, and shall be allowed to deduct in full when calculating the taxable income. The donor shall handle the pre tax deduction with the donation acceptance letter issued by the hospital responsible for epidemic prevention and control.

On February 7, Yu Weiping, Vice Minister of finance, said at a press conference that as of February 6, the Ministry of finance, together with relevant departments, had issued more than 10 fiscal and tax support measures. Define the treatment cost of patients, and implement financial support for the individual expenses of the confirmed patients, with 60% subsidy from the central government; for the suspected patients, the financial support policy shall be formulated by the place of medical treatment, with appropriate subsidy from the central government depending on the situation.