Personal Finance
List of Charities/Causes To Donate To For Tax Relief As Voted By The Seedly Community
By Seedly  •  December 28, 2018
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 ......
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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