11 April 2012

Published in the e-Gazette on 10 April 2012, the Income Tax (Grant-Making Philanthropic Organisations) (Amendment) Regulations 2012 are deemed to have come into operation on 1 January 2012.

Regulation 8(2) of the Income Tax (Grant-Making Philanthropic Organisations) Regulations 2009 (GN No. S 546/2009) relating to the issue of tax deduction receipt is amended by deleting sub-paragraph (a) and substituting the following sub- paragraph:

8(2) A tax deduction receipt issued under paragraph (1) shall be in such form as the Comptroller may specify and shall:

(a) incorporate the following statement:

‘‘This receipt is for your retention. This donation is tax deductible and the deduction will be automatically included in your tax assessment as you have provided your Tax Reference number (e.g. NRIC/FIN/UEN). You do not need to claim the deduction in your tax form.’’

Source: e-Gazette