What information will be made available to the public?
The total overseas expenditure will be disclosed to the public via the OFS. However, details such as the geographical details of where resources are applied outside Singapore and the corresponding amount for each country, as well as overseas capital outlay and remittance of funds as agents will not be shared with the public. This information is strictly for the use by the Office of the COC.
Related questions
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 capital outlay need to be disclosed? And how should my charity classify the disclosure of overseas capital outlay?
What types of overseas expenditure need to be disclosed; and how should my charity classify the disclosure of overseas expenditure?
Are charities required to report the overseas expenditure/capital outlay/remittance of funds as agents as well as the corresponding countries in the financial statements?
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