If I make a donation, am I entitled to tax deductions? Are there instances where my donations are not entitled for tax deductions?
As a general rule, all outright cash donations given by individuals or corporations to social service agencies with tax deductible status will be entitled to tax deductions. Up till 31 December 2021, donors are entitled to 250% tax deduction for qualifying donations. Therefore, if you give $100 to a social service agency, you will be entitled to tax deduction for the amount of $250.
For more information, please refer to IRAS website [here].
Outright cash donations made to us are also tax deductible. However, this only applies when your donation does not reward you in a material way. For example, lucky draw tickets and charity auction donation (up to the market value of the auction item) do not qualify for tax deductions.
If you are an individual donor, you may also wish to note that the Inland Revenue Authority of Singapore (IRAS) now automatically acknowledges the tax deductible status of your donations if the social service agency submits your identification number to IRAS on your behalf. This means that you will not need the tax deductible receipts when submitting your annual tax assessment forms. For more information on social service agencies and donations, the [IRAS's website] can provide you with more details.