Singapore Budget 2015: Tax deduction for donations to be raised in Jubilee Year
For more stories, analysis and infographics on Singapore Budget 2015, head to btd.sg/budget_15
The government will raise the tax deduction for donations made in this Jubilee Year from 250 per cent to 300 per cent, Tharman Shanmugaratnam, Deputy Prime Minister and Finance Minister, said on Monday.
It will also extend the 250-per cent tax deduction for donations, which was due to expire at the end of this year, for another three years to 2018.
READ MORE: Personal income tax rebate of 50% to benefit 1.5 million taxpayers; M&A enhancements to cost S$100m over 5 years; Citizens aged 25 and above to get S$500 in SkillsFuture Credit from 2016
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Luxury sector outlook clouded by China’s slow recovery
TikTok CEO expects to defeat US restrictions: ‘We aren’t going anywhere’
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle
UAE announces US$544 million for rain repairs, says lessons 'learned'
HSBC says growing Chinese wealth fuels client investments in US