{"id":539,"date":"2020-02-07T07:27:09","date_gmt":"2020-02-07T07:27:09","guid":{"rendered":"https:\/\/medicine.nus.edu.sg\/giving\/?page_id=539"},"modified":"2021-12-06T16:39:07","modified_gmt":"2021-12-06T08:39:07","slug":"donation-tax-calculator","status":"publish","type":"page","link":"https:\/\/medicine.nus.edu.sg\/giving\/make-a-gift\/donation-tax-calculator\/","title":{"rendered":"Donation Tax Calculator"},"content":{"rendered":"<p class=\"has-text-color has-medium-font-size\">NUS has Institution of a Public Character (IPC) status. Cash donations made to an approved IPC, such as NUS, for causes that benefit the local community, are deductible donations, pursuant to Singapore Income Tax regulations.<\/p>\n<p class=\"has-text-color has-medium-font-size\">From now till 31 December 2023, Singapore tax residents who have made a donation to NUS will receive a tax deduction of 2.5 times the donation value. To qualify for tax deduction, all donors are required to provide their Tax Reference Numbers (NRIC\/FIN\/UEN) when making the donation.<\/p>\n<h2>Example of impact on taxable income from an NUS donation<\/h2>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/medicine.nus.edu.sg\/giving\/wp-content\/uploads\/sites\/8\/2020\/04\/Illustration-3-5-1024x558-1.jpg\" \/><\/figure>\n<p>&nbsp;<\/p>\n<h2>To calculate your individual net income tax payable from making a donation, follow these simple steps:<\/h2>\n<div class=\"wp-block-columns has-2-columns\">\n<div class=\"wp-block-column\">\n<p class=\"has-text-color has-medium-font-size\">\n<a href=\"https:\/\/www.iras.gov.sg\/quick-links\/calculators\" class=\"cal-btn\">1. Click here to download the IRAS Income Tax Calculator<\/a><\/p>\n<div class=\"wp-block-columns has-2-columns\">\n<div class=\"wp-block-column\"><img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"184\" src=\"https:\/\/medicine.nus.edu.sg\/giving\/wp-content\/uploads\/sites\/8\/2021\/12\/Income-tax-for-2021-300x184.jpg\" alt=\"\" class=\"size-medium wp-image-1422 alignnone\" srcset=\"https:\/\/medicine.nus.edu.sg\/giving\/wp-content\/uploads\/sites\/8\/2021\/12\/Income-tax-for-2021-300x184.jpg 300w, https:\/\/medicine.nus.edu.sg\/giving\/wp-content\/uploads\/sites\/8\/2021\/12\/Income-tax-for-2021.jpg 406w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-columns has-2-columns\">\n<div class=\"wp-block-column text-black\">\n<p class=\"has-text-color has-medium-font-size\">2. After filling in your income, personal reliefs, and rebate(s), enter your donation amount (multiplied 2.5 times).<\/p>\n<p class=\"has-text-color has-medium-font-size\">E.g if you have donated $100, enter $250 (2.5 x $100).<\/p>\n<\/div>\n<div class=\"wp-block-column\">\n<figure class=\"wp-block-image\"><\/figure>\n<\/div>\n<\/div>\n<div class=\"wp-block-columns has-2-columns\">\n<div class=\"wp-block-column text-black\">\n<p class=\"has-text-color has-medium-font-size\">3. Check your net tax payable, which will be automatically calculated.<\/p>\n<\/div>\n<div class=\"wp-block-column\">\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/medicine.nus.edu.sg\/giving\/wp-content\/uploads\/2019\/11\/Donation-tax-calculator-3.jpg\" alt=\"\" class=\"wp-image-1572\" \/><\/figure>\n<\/div>\n<\/div>\n<p class=\"has-text-color text-black has-medium-font-size\">You do not need to declare the donation amount in your income tax return. NUS will transmit electronically the details of your donation to IRAS. Tax deductions for your qualifying donations will be automatically reflected in your tax assessments based on the information from NUS. IRAS will no longer accept claims for tax deduction based on donation receipts.<\/p>\n<p class=\"has-text-color text-black has-medium-font-size\"><em>Disclaimer: The above information has been extracted from the Inland Revenue Authority of Singapore (IRAS) for Year of Assessment (YA) 2021. Please visit<span>\u00a0<\/span><a href=\"https:\/\/www.iras.gov.sg\/irashome\/default.aspx\">iras.gov.sg<\/a><span>\u00a0<\/span>for more information.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NUS has Institution of a Public Character (IPC) status. Cash donations made to an approved IPC, such as NUS, for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":635,"parent":267,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-539","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Donation Tax Calculator - Giving | NUS Yong Loo Lin School of Medicine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/medicine.nus.edu.sg\/giving\/make-a-gift\/donation-tax-calculator\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Donation Tax Calculator - Giving | NUS Yong Loo Lin School of Medicine\" \/>\n<meta property=\"og:description\" content=\"NUS has Institution of a Public Character (IPC) status. 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