Written Answer

Donations to Arts, Cultural and Heritage IPCs Qualifying for 250% Tax Deduction in Past Five Years

Speakers

Transcript

2 Ms Usha Chandradas asked the Prime Minister and Minister for Finance (a) what is the total value of donations made to arts, cultural and heritage Institutions of a Public Character (IPCs) that have qualified for the 250% tax deduction under the Income Tax Act in the past five years; and (b) what proportion of all tax-deductible donations to IPCs do these contributions represent over the same period.

Mr Chee Hong Tat: The information requested for the latest available five-year period from 2019 to 2023 is in Table 1 below. This can be obtained from the publicly available Commissioner of Charities Annual Reports.