Tax Exemption for donations

Donations made from 1 January 2011 shall be exempt from tax as follows:

  1.    10% of assessable income for an individual who makes a donation for disaster relief.
  2.    2% of net profit for a juristic entity which makes a donation for disaster relief.
  3.    VAT exemption on goods donated through a juristic entity who acts as an agency to process disaster relief.