Donations that are tax deductable

 

 

 

Charitable Foundations

In my last post I said that there are many benefits of establishing our own charitable organization instead of paying money to overseas organisations.

The obvious fact is that valuable money does not go out of our country.

 

Donations paid to local charitable organisations are tax deductible. Refer to paragraph no 2 from the inland revenue department attached below.

So, why give to overseas charity organization such as Lions Clubs that are not approved by our Inland Revenue?

Read more at  https://www.facebook.com/Lee-Partners-Foundation-108764737436477/

 Click here to read the 8th post by Inland Revenue for year 2021 on Tax deductible donations.