Donation Incentive to Sports Related Activities
In order to encourage professional sports business growing, government has provided benefit below:
For-profit enterprises that make donations to professional or amateur sports recognized by the Ministry of Education, when reporting income tax, within the donation amount of NTD 10 million, 150% of the donation amount could be deducted from the income from profit-making enterprises for the current year.
Besides, if the recipients are Ministry of Education specific sports business/hosts, 150% of the donation amount could be deducted, with no limitation of NTD 10 million.
Please note that if the recipients are enterprises’ related parties , or not the Ministry of Education announced sports business/hosts, 100% of the donation amount could be deducted with the limitation of NTD 10 million.