How much tax benefit do donors receive from qualifying donations made to IPCs?
To continue encouraging Singaporeans to give back to the community and to provide strong support for the charity sector, the Minister for Finance has announced in Budget 2021 that the 250% tax deduction for qualifying donations will be extended for another two years till 31 December 2023.
For the latest information regarding the Amount of Tax Deduction, please refer to IRAS’s website
Related questions
Will the donation received through an auction held by an IPC qualify donors for tax deduction?
How and when do IPCs need to submit the Annual Return of Tax-Deduction Donations to IRAS? Do IPCs still need to submit an Annual Returns on TDD to the Office of COC?
A donor has recently made a donation to an IPC. What documents do I need to submit to IRAS in order to qualify for the tax deduction?
What types of donations to IPCs are eligible for tax deduction?
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