To encourage public and enterprises to donate/contribute to the Fund, Government will allow them to deduct the amount donated/contributed from their taxable income.
2. An individual will therefore be able to claim the deduction in the income tax return of:
(a) September/October 2020 for donation made up to 30 June 2020.
(b) September/October 2021 for donation made from 30 June 2020 to 31 December 2020.
3. Any unrelieved deduction in the income year may be carried forward for a maximum period of two successive income years.
4. A company will be able to claim the deduction at time of submission of its income tax return.