A vibrant heritage sector raises the quality
of life for our people. More importantly, it instils
a strong sense of national pride in Singaporeans.
Happily, public interest in museums and heritage
has risen in recent years. This is only possible
with the strong support of donors and sponsors.
Make a difference to our cultural scene today.
Find out about our different incentive schemes
and be surprised at how rewarding giving to heritage
and the arts can be.
Donors will be eligible for double
tax deduction for their donations. 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.
Check out these schemes!
Approved
Museum Scheme
Public Art Tax Incentive
Scheme
URA Gross Floor Area Incentives
|
