What to do?

What to do ? what to do? what to do?


step 1: Donors would need to provide their full name ( according to IC) and tax reference numbers when making a donation to the IPCs.


Step 2: Donation form complete


step 3: IPCs will provide IRAS(Inland Revenue Authority Of Singapore) the necessary information in order to receive a tax deduction for the donation made.

                                                                               TADA!

YOUR DONATION WILL AUTOMATICALLY BE INCLUDED IN YOUR TAX                          ASSESSMENT!

      DONORS WOULD BE REWARDED !

WHEN WHEN WHEN WHEN WILL I RECEIVE MY TAX DEDUCTION?


* Tax deduction is given for donations made in the previous year.



EXAMPLE:
Donation made in year 2011.
Tax deduction will be given in the tax assessment for year 2012.




SPECIAL CASE!
If the tax deduction amount is more than the income earned that year, donors is able to carry forward the deductions that are not utilized for a MAXIMUM OF 5 YEARS.


EXAMPLE:
Donation made in 2011 would be allowed to carried forward up to 2016.


Information from Inland Revenue Authority Of Singapore.(http://www.iras.gov.sg)