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Donate to Community Chest or any approved Institution of a Public Character (IPC) for causes that benefit the local community and lower your tax payable. For every $1 donated to an approved IPC, $2.50 will be deducted from your taxable income next year.
Donations & Tax Deductions. Find out more about the different types of donations and their respective tax deductibility, as well as how to claim these tax deductions.
2 mar 2023 · 1.1 This e-Tax Guide sets out what contributions made to an Institution of A Public Character (“IPC”) or a Grant-Making Philanthropic Organisation (“Grant-maker”) are considered donations and eligible for tax deduction under the Income Tax Act 1947 (“ITA”); and the differences between donations and sponsorships.
14 lut 2023 · SINGAPORE- Singapore will extend its tax deduction rate for donations for another three years until the end of 2026, as part of efforts to foster and sustain a spirit of giving.
21 lut 2023 · SINGAPORE - Singapore’s decision to extend its tax deduction rate for donations for another three years until the end of 2026, one of the measures announced during the Budget unveiled on...
Individuals and corporations can claim tax deductions for donations made to any approved charity with IPC status in Singapore that are registered with the Commissioner of Charities (COC) and which have been granted tax-exempt status by IRAS.
The Philanthropy Tax Incentive Scheme (PTIS) is an incentive scheme administered by the Monetary Authority of Singapore. It is eligible for cash donations made by qualified Single Family Offices in Singapore for any charitable, benevolent, or philanthropic purpose to benefit persons, events, or objects outside of Singapore.
