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