New charity legislation is on the lips of many delegates at this week's plenary session of the Chinese People's Political Consultative Conference (CPPCC) National Committee.
The proposals are for a more defined and favorable tax regime for charities and the regulation of charities' activities within China.
Currently, Chinese corporations' donations are exempt from income tax if the donated amount is within 3% of taxable income. This often means that companies pay more in taxes as they donate more funds to charities.
Proposals were issued by the Central Committee of the Revolutionary Committee of the Chinese Kuomintang and a CPPCC member, Wang Keying.
It is still unclear what amount of support the proposals have within the CPPCC and if the laws will be passed and enacted.
