What types of overseas expenditure need to be disclosed; and how should my charity classify the disclosure of overseas expenditure?
Charities are required to disclose the total quantum as well as the countries in which the overseas expenditure are incurred, spent in or has benefitted locations outside Singapore under the following categories of expenses:
Donations to overseas beneficiaries
Sponsorships
Love gifts to affiliated charities or third parties
Missions expenses
Humanitarian relief expenses
Disaster relief expenses
Overseas community projects
Overseas staff cost (employees/missionaries stationed overseas)
Others
Related questions
What types of expenditure are exempted from detailed reporting?
What types of overseas capital outlay need to be disclosed? And how should my charity classify the disclosure of overseas capital outlay?
What are the requirements on reporting on overseas expenditures, capital outlay and remittance of funds as agents? Why does the Office of the COC require charities to disclose overseas expenditure, capital outlay and remittance of funds as an agent or trustee?
Can the Office of the COC provide some examples how charities should report the overseas expenditure/capital outlay/remittance of funds?
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