With effect from 1 January 2005, double tax deductions will be granted for all cash donations to Institutions of a Public Character (IPCs) or the Singapore Government, and certain in-kind donations to approved beneficiaries, whether or not they involve naming opportunities. Prior to 1 Jan 2005, donations with naming opportunities would only be granted a single tax deduction. The extension of the double tax deductions to include donations with naming opportunities is meant to encourage more donors to come forward, to give larger donations, and to cultivate lasting relationships with the beneficiaries they have lent their names to.
The table below further elaborates on the types of donations that will be granted double tax deduction. Other forms of in-kind donations that do not fall under the list will not be awarded double tax deduction.
||Approved IPCs and the Singapore Government
|Gift of shares listed on the Singapore Exchange (SGX) or of units in unit trusts traded in Singapore
||Individual donors only
|Gifts of computer hardware, software and peripherals
||Approved IPCs and prescribed educational, research or other institutions in Singapore
||Corporate donors only
|Gifts of artefacts
||Approved museums (by the National Heritage Board)
|Donation of public sculptures
||The National Heritage Board or approved recipients
|Gifts of parcels of land or buildings
In addition, do note that only the following donations with “naming opportunities” will be granted double tax deduction:
a. donations to name IPCs, IPC facilities, events or programmes,
b. donations to name facilities of approved beneficiaries (including artefacts and public sculptures) under any of the other approved donation programmes,
c. donations under any of the approved donation programme where the IPC or approved beneficiary acknowledges the donation by including the donor's name or logo in the IPC's collaterals (e.g. banners, publications, advertisements).
Double tax deduction will not be given in cases where the donor is essentially advertising at the IPC facility, event or programme. Such forms of advertisement include, but are not limited to, the display of the donor's own banners, products, or other collaterals at the IPC facility, event or programme. Such advertisements might be more appropriately regarded as advertising expenses.
Revision for Donation Scheme on Gifts of Computer Hardware, Software and Peripherals
Tax deduction scheme for donation of computer hardware, software and peripherals will be withdrawn with effect from 21 February 2017. A company that donates computers to a prescribed educational, research or other institution in Singapore and IPC on or after 21 February 2017 would not be eligible for any tax deduction.
Enhancement to deductions on donations
For donations made during the period from 1 January 2009 to 31 December 2015, the tax deduction was enhanced to 250%.
In conjunction with SG50, the Government increased the tax deduction from 250% to 300%, for donations made from 1 January 2015 to 31 December 2015 only.
Tax deduction for donations made from 1 January 2016 to 31 December 2021 will be at 250%. All existing criteria to qualify for tax deduction remain unchanged.