To instil upon us a habit of giving back to the needy, the Singapore Government had provided tax residents in Singapore tax reliefs for every S$1 donated to a registered charity, S$2.50 will be deducted from your taxable income. Donations can come in forms of cash, gifts, shares and even artefacts!

In this article, we are mainly focusing on cash donations, if you wish to find out more on the different types of donations and their respective tax deductibility, details can be found here.

 

Tax Reliefs on Cash Donations to Charity For every S$1 donated, S$2.50 will be deducted from your taxable income In order for your cash donations to be qualified for tax reliefs, it has to be made to: An approved Institution of a Public Character (IPC) or …