Who Actually Qualifies As Charity Company?
Dr Veerinderjeet Singh, Senior Advisor on Tax Policy, KPMG
28-Jun-24 08:45
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In May 2023, the Inland Revenue Board (IRB) made the decision to withdraw Assunta Hospital’s tax exemption status,
because the agency believed that the hospital had violated several conditions of its tax exemption status. Dr Veerinderjeet Singh, Senior Advisor on Tax Policy, KPMG explains who and how to qualify for tax exempt status comes under Section 44 (6) of the Income Tax Act 1967 (ITA).
Image Credit: shutterstock.com
Produced by: Jake Lim
Presented by: Wong Shou Ning, Shazana Mokhtar, Philip See
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Categories: politics, Law/Activism
Tags: tax exemption, charity organisation, charity, tax policy,
