,

Woman Donates 400,000 RMB in Property, Charged 30,000 in Taxes

Woman Donates 400,000 RMB in Property, Charged 30,000 in Taxes

An elderly Chongqing woman who donated storefront property worth more than 400,000 RMB was surprised when she was charged a 17.6% tax on her gift to a welfare foundation for the disabled. Aside from the excessive amounts of paperwork, there was an enormous tax. When she went to transfer the property rights to the foundation, she found out that there was a 3% individual income tax tax, a 5.6% sales tax, a 3% contract tax and a 6% VAT tax. The majority of netizens reacted by telling her she should keep the money herself, or give it to poor children, not “these greedy handicapped people.”

Source: Netease

READ  Residents Hit Streets To Bid Farewell To Departing Secretary

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…