I can pretty much consider October as the charity month of 2015 for me, having participated in a few charity events this month and the main highlight is Ride for Rainbows, a fundraising cycling event that is organised by Club Rainbow. Club Rainbow (Singapore) is a charitable organisation that relies solely on donations from compassionate corporations and kind-hearted individuals…
The Singapore government has always been encouraging the spirit of philanthropy and giving and one of the best policies that was implemented was giving tax deductions for donations made to a tax-deductible charity. Since 2009, qualifying donations have been entitled to a 250 per cent tax deduction. There are a few ways to reduce taxable income in…
It’s that time of the year again when you receive a letter or SMS from the Inland Revenue Authority of Singapore (IRAS) to file an Income Tax Return for income earned in 2014. If you only have auto-included income and their relief claims are the same as the previous year, IRAS may waive the requirement for you to…