Is my donation tax exempted?
Yes, Ericsen Foundation is a non-profit organization under sub-section 44(6) of Income Tax Act 1967, and all cash donations to Ericsen Foundation are tax deductible (applicable only to donations made within Malaysia).
For donations of RM20,000 and above in a single receipt, we are required to declare the donation to the Inland Revenue Board of Malaysia.
What information do you need from me if I want to get a tax-exemption receipt for donation?
The Inland Revenue Board (IRB, or commonly known as LHDN, Lembaga Hasil Dalam Negeri) has recently issued the revised Guidelines for Approval of Director General of Inland Revenue under Subsection 44(6) of the Income Tax Act dated 15 May 2019 ("Revised Guidelines"). The Revised Guidelines supersede the previous Guidelines dated April 2015 ("Previous Guidelines").
Based on the Revised Guidelines, donors must provide complete information of the following details in order to obtain an official tax-exemption receipt from the organization:
a. Donor' full name as per NRIC/ passport/ business registration
b. NRIC number/ passport number/ registration number
c. Complete mailing address of current residence/ company
The Revised Guidelines also states that the approved institution or organization is not allowed to issue tax-exemption receipts to donors who fail to provide their complete personal details stated above.