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Schemes and Initiatives
 Published Date: 05 July 2023

Philanthropy Tax Scheme for Family Offices

Overview

The Philanthropy Tax Incentive Scheme (PTIS) was introduced to strengthen Singapore’s position as Asia’s centre for philanthropy. Part of the Fund Tax Schemes for Family Offices, PTIS encourages greater philanthropic contributions from Single Family Offices (SFOs) in Singapore. The scheme is for SFO applicants who are managing a fund(s) under Section 13O, Section 13OA or  Section 13U of the Income Tax Act 1947.

What We Offer

100% Tax Deductions

for Overseas Donations for 5 years

capped at 40% of Donor's Statutory Income

Overseas Donations

'Overseas Donations’ refer to cash donations made towards any charitable, benevolent, or philanthropic purpose whose main objective is to benefit persons, events or objects outside of Singapore.

Overseas Donations which are made towards innovative forms of philanthropy (i.e. blended finance structures, social impact bonds, impact investments, venture philanthropy) can also receive 100% tax deductions under PTIS provided that the:

  • Approved Qualifying Donor who received the 100% tax deduction under PTIS does not receive any principal repayment or any returns generated as a result of their participation.
  • Qualifying Local Intermediary through whom the donation was made, abide by the rules and regulations relevant to its charity registration status.
  • PTIS incentive applicants and donations meet the incentive and eligibility criteria within PTIS.

Qualifying Donor

Recipient of Tax Deduction - each SFO is to choose only one among the following:
fund manager
The SFO Managing the S13O/U Fund
fund beneficiary
A Beneficiary of the S13O/U Fund
fund owner
An Ultimate Beneficial Owner of the S13O/U Fund
Family business
Related Family Business

Qualifying Conditions

Qualifying SFOs managing Section 13O/U fund must: 

  • Appoint and maintain a Philanthropy Professional (inhouse or outsource)
  • Incur an additional Local Business Spending of S$200,000
  • Employ an additional local Professional Headcount (who may be the Philanthropy Professional)

 

Qualifying Local Intermediaries (QLIs)

Overseas donations are to be channeled through QLIs.

Categories of QLIs
  • Selected Registered and Exempt Charities with a valid Fundraising for Foreign Charitable Purpose Permit
  • Charitable Institutions and Not-For Profit Organisations established by Financial institutions in Singapore, as specified by MAS
  • Selected Grantmakers under MCCY’s Grantmaker Scheme
  • Other Selected Entities, as approved by MAS
List of approved QLIs (updated as of 1 July 2026)

  • Asia Community Foundation Ltd.
  • AVPN Ltd.
  • Philanthropy Asia Alliance Ltd.
  • TT Foundation Advisors Ltd.
  • UBS Optimus Foundation Singapore Ltd.
  • WWF-World Wide Fund For Nature (Singapore) Limited
  • BNP Paribas Bridge Foundation Limited
  • Temasek Foundation Limited

For More Information

Interested Application Form for Interested SFOs

For further enquiries on PTIS, please write to ptis@mas.gov.sg with the following subject title:
"PTIS Enquiry: (Name of (SFO & 13OU Fund)) / (Name of Intermediary)".

Submission of Interest for Prospective QLIs

Prospective QLIs may submit interest to ptis@mas.gov.sg with the following subject title
"PTIS QLI Application: (Name of Intermediary)".

Fund Tax Incentive Scheme for Family Offices

Find out more about the Fund Tax Scheme for Family Offices, commonly referred to as the Sections 13O and 13U tax incentives.