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View details on what contributions are considered donations and eligible for tax deduction in "Guidance on Tax Deductible Donations" (PDF, 295KB). How much tax deduction can you get
2 mar 2023 · 1 Aim. 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.
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”].
19 mar 2021 · Tax Treatment of Donations with Benefits 2 1 Aim 1.1 This e-Tax Guide sets out the concessionary tax treatment applicable for cash donations with certain types of benefits received in return, where the donations are made on or after 19 March 2021. This guide is only applicable for donations, a
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.
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. The donors can claim 100% tax deduction for their overseas donations made through Qualified Local Intermediaries, such as CHARIS.
Yes, donations to Caritas Singapore qualify for 250% tax deduction. You do not need to declare the donation amount in your income tax return. Tax deductions for qualifying donations will be automatically reflected in your tax assessments based on the information from Caritas Singapore.
