: Charitable Donations and Tax-Exempt
Individual and business donors who are chargeable to salaries tax,
personal assessment or profits tax can claim deduction for the aggregate
of approved charitable donation up to
35% (up to 25% for the years of assessment 2004/05 to 2007/08) of
the assessable income or profits, as the case may be, in the basis
period of a year of assessment. Such aggregate must not be less
than $100. (Sections 16D and 26C of the Inland Revenue Ordinance)
charitable donation" means a donation of money to any charitable
institution or trust of a public character, which is exempt from
tax under section 88 of the Inland Revenue Ordinance, or to the
Government, for charitable purposes. (Section 2 of the Inland Revenue
of the public may check the list
of charitable institutions and trusts of a public character, which
are exempt from tax under section 88 of the Inland Revenue Ordinance
as to whether the donations can be claimed for tax deduction.
institutions and trusts of a public character may be granted tax
exemption under section 88 of the Inland Revenue Ordinance.
The Department has issued an information pamphlet entitled "A
tax guide for charitable institutions and trusts of a public character"
for reference by the public.