What types of overseas capital outlay need to be disclosed? And how should my charity classify the disclosure of overseas capital outlay?

Question

What types of overseas capital outlay need to be disclosed?  And how should my charity classify the disclosure of overseas capital outlay?

Accepted Answer

Charities are required to disclose the nature of capital expenditure incurred outside Singapore, the total quantum as well as the countries which the capital outlay are spent in under the following categories:

Capital injections into overseas subsidiaries/associated companies
Overseas investments
Purchase of immovable properties located overseas
Loans to related or third parties located overseas
Building of overseas infrastructure, property, building etc

What types of overseas capital outlay need to be disclosed? And how should my charity classify the disclosure of overseas capital outlay?

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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?

What types of overseas expenditure need to be disclosed; and how should my charity classify the disclosure of overseas expenditure?

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