The tax deduction scheme was implemented from 1 Jan 2005.However, in the past, only twice of the amount donated is able to be deducted from the donors' income tax.However , it was later announced that all donations which previously qualify for double tax deduction would temporarily qualify for 2.5 times tax deduction now.
In order to qualify for tax deduction, one must :
1)Donate to name Institutions of a public character(IPC) . It can also be a donation to an IPC facilities, events or programmes .
** IN ORDER TO CHECK IF AN ORGANISATION IS AN IPC, PLEASE CHECK THE LINKS BELOW**
2)Making donations to any name facilities of approved beneficiaries.
ONE KEY THING TO NOTE:
If the donations are made for a "foreign charitable purpose", they do not qualify for tax deduction even though they are made to an approved Institution of a Public Character (IPC).
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