#TaxTip Enjoy tax deductions of 2.5 times the qualifying donation amount in Year of Assessment 2023 when you donate to any approved Institution of a Public Character (IPC) by 31 Dec 2022!
 
You will not need to declare the donation amount in your income tax return as tax deductions for qualifying donations will be automatically reflected in your tax assessments based on information from the IPC.
 
Details and qualifying conditions: https://www.iras.gov.sg/taxes/other-taxes/charities/donations-tax-deductions
 
#iras #sg #taxes #taxtip #reliefs #donate #donations

Spread some year-end cheer while saving on your taxes! 🥳✨

Enjoy tax deductions of 2.5 times the qualifying donation amount in Year of Assessment 2024 when you donate to any approved Institution of a Public Character (IPC) by 31 Dec 2023.

You will not need to declare the donation amount in your Income Tax Return as tax deductions for qualifying donations will be automatically reflected in your tax assessments based on information from the IPC.

Details and qualifying conditions:
https://www.iras.gov.sg/taxes/other-taxes/charities/donations-tax-deductions

#taxtips #donations #spreadjoy #seasonsgreetings #skit #irassg #iras