Tax Benefits

Singapore tax residents qualify for a double tax deduction on all gifts to NUS. This means that when you support the University's valuable contributions to society, IRAS will deduct an amount equivalent to twice the value of your gift from your assessable income.

IRAS allows you to carry forward any unutilised deductions for up to five years. For example, if you make a gift in 2006 and the tax deduction you are allowed in Year of Assessment 2007 exceeds your 2006 income, you can carry it forward as far as Year of Assessment 2012.

For your convenience, if you provide your NRIC/FIN, Development Office can arrange for IRAS to auto-include your gift in your income tax form.

US tax residents can also qualify for tax benefits: see International Gifts.