Is there any expenditure cap?
Businesses are given $250,000 expenditure cap per calendar year (CY) to be utilised in partnerships with more than one IPC yearly. However, one IPC can only endorse up to $50,000 expenditure cap per CY to qualify for the 250% tax deduction. Any amount beyond that will not be allowed by IRAS for the 250% tax deduction in that CY.
Related questions
How much tax benefit do donors receive from qualifying donations made to IPCs?
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?
Will the donation received through an auction held by an IPC qualify donors for tax deduction?
Where can IPCs find the IPCLink software?
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