The Philippines
Through the Child Sponsorship Programme, World Vision provides needy children the opportunity to go to school and receive an education.

Photo by
Andrew Goodwin,
World Vision Philippines

 

 

 

 

 


Apply for IPC status
Registered charities in Singapore have the additional option of applying to be an Institution of a Public Character (IPC).  IPCs have the option of issuing tax-deductible receipts, where donors can get a double tax deduction for their donations.  However, regulations on IPCs are strict, and they must be exclusively beneficial to the Singapore community at large.  Regulations can be found here.

  • My organisation is beneficial to both Singapore and societies in other countries.  Can it be an IPC??
  • How much reporting is there for IPCs?

    • In addition to the reporting requirements for Charities, IPCs have to submit annually:

    • Auditor's report on the financial statements
    • Auditor's report on the use of donation moneys and whether such use is in accordance with the objectives of the IPC
    • IPC's fund-raising and expenditure plans for the following financial year
    • Annual return of donations (no later than the last day of February each year) 
    • Finally, IPCs are required to post their financial and non-financial information online on their own Internet website and the Internet website of the respective Sector Administrator or Charity Portal.  They are also required to furnish details of every tax-deductible donation received, specified by the Comptroller of Income Tax, no later than the last day of January of each year, to the Inland Revenue Authority of Singapore (IRAS).