Are the CDAC contributions tax deductible?
- Michelle Ng (Unlicensed)
- Customer Service Team
Owned by Michelle Ng (Unlicensed)
Yes, CDAC has been granted status of an Institution of a Public Character (IPC). Your donation to the CDAC Fund made from 1 January 2016 to 31 December 2021 is entitled to 2.5 times tax deduction.
The tax deduction will be automatically reflected in your IR8A statement.
source: www.cdac.org.sg