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Singapore Updates Guidance on Donations and Tax Deductions

|Approved Changes|Singapore
Singapore

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 Donati…

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