The Inland Revenue Authority of Singapore updated its guidance on Donations and Tax Deductions on 19 March 2021. This includes a notice that the 250% tax deduction for qualifying donations will be extended for another two years till 31 December 2023.
In addition, new e-Tax guides have been published regarding the tax treatment of donations with benefits, including a revised guide for Donations made before 19 March 2021 and a new guide for Donations made on or after 19 March 2021. The lat…