VATupdate
VAT

Share this post on

Tax obligations of non-profit organizations in Singapore

Despite non-profit activities, if the annual taxable supply value of the charity exceeds or is expected to exceed S$1 million (US$ 720,000), the organization must register for Goods and Service Tax (GST). Grants, donations and sponsorships without benefits in return do not attract GST. The rates vary between zero percent and seven percent.

Source: aseanbriefing.com

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner