TAXMANTRA GLOBAL

Balancing Growth and Giving: 6 Types of Donations Which Are Tax Deductible In Singapore

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In a world where kindness and compassion often seem overshadowed by the clamor of daily life, a little red dot on the global map has been silently proving that size doesn’t dictate the magnitude of generosity. Singapore, often celebrated for its economic prowess and technological innovation, has carved out a remarkable place for itself on the global giving stage.

Ranked 31st in the world for its giving efforts over the past decade, according to the World Giving Index, this city-state has been quietly embracing the spirit of altruism and community support.

The World Giving Index, a comprehensive report published by the Charities Aid Foundation in the United Kingdom, has been diligently tracking and analyzing global giving trends since 2009. The index takes a close look at three key aspects of giving: helping strangers or those in need, donating money to charities, and volunteering time for organizations. In this arena, Singapore has showcased its willingness to go above and beyond.