Document background
The Donation Acceptance Letter is a crucial document in Singapore's charitable giving framework, required whenever an organization receives a significant donation. It serves multiple purposes: acknowledging the gift, providing necessary documentation for tax purposes, and ensuring compliance with Singapore's regulatory requirements. The letter should detail the donation's nature, any specific conditions, and include information required by the Inland Revenue Authority of Singapore (IRAS) for tax deduction purposes. Organizations should issue this document promptly upon receiving donations to maintain proper records and ensure donors can claim applicable tax benefits.
