China is to give income tax exemption on donations made by
individuals and units to its fight against severe acute respiratory
syndrome (SARS), says the Ministry of Finance and the State
Administration of Taxation Wednesday.
All the funds and goods donated will be exempted from the total
taxable value before tax, according to a notice issued by the
ministry and the taxation administration.
The tax exemption is effective from Jan. 1, 2003 and will be
repealed as soon as the epidemic situation is relieved.
(Xinhua News Agency April 30, 2003)