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Income tax payable and donation.

Tuesday, March 28, 2017

We work hard to earn money and, being good citizens, those of us who earn more money give a portion of our earned income to our country.

This is why IRAS always thanked me for the contribution towards nation building but not anymore.

Many things have changed in my life. This is another change.

I like to think that I am still contributing towards nation building and although I do not get any tax breaks for donations made to National University of Singapore, I continue to make donations.
Of course, the donation is smaller in amount now.

See:
http://singaporeanstocksinvestor.blogspot.sg/2016/07/ak-gets-invited-by-national-university.html

When was the last time I paid income tax?

See:
http://singaporeanstocksinvestor.blogspot.sg/2015/03/the-lowest-income-tax-payable-in-many.html


Related post:
Double our income but not our tax.

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