Double tax deduction applies for the year of assessment following the year in which the donation took place, i.e. two times the value of the donation will be deducted from the donor’s taxable income for that particular year of assessment.
All donors are allowed to carry forward unutilised tax deductions granted for their donations, for a maximum of 5 years. For example, if a donation is made in 2005, and allowed tax deduction in Year of Assessment 2006, any unutilised tax deduction (if it exceeds the taxable income for 2005) will be allowed to be carried forward up the Year of Assessment 2011.

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