Search results
Enjoy tax deductions of up to 2.5 times the qualifying donation amount during the next tax season when you donate to Community Chest or any approved Institution of a Public Character (IPC) before the year ends. On this page: What are tax deductible donations. What are non-tax deductible donations.
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. Learn about charities.
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.
Tax Deductibility of Donations. Please visit the Inland Revenue Authority of Singapore (IRAS) website for more information on the various types of donations which will qualify for tax deduction. Charity Portal Singapore Homepage.
This e-Tax Guide sets out the concessionary tax treatment for cash donations made on or after 19 March 2021, with certain benefits received in return and is relevant for Institutions of Public Character (IPCs) or a registered charity [hereinafter “Charity”].
The donors can claim 100% tax deduction for their overseas donations made through Qualified Local Intermediaries, such as CHARIS. The tax deduction is capped at 40% of the donor’s statutory income.
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.
