Business and IPC Partnership (BIPS) Scheme

Business and IPC Partnership Scheme

Grant Agency: IRAS

Commonly known as BIPS

Official Site : https://www.iras.gov.sg/irashome/Schemes/Businesses/Business-and-IPC-Partnership-Scheme–BIPS-/


Grant Description

Aim(s): 

  • To promote a corporate culture of volunteerism

250% tax reduction will be provided on eligible expenditure by company

Types of expenditure considered eligible for this scheme: 

  • Basic salary of employers
  • Other expenses incurred due to services provided to IPCs, meeting the requirements stated below:
    • IPCs do not repay companies for their expenditure
    • Expenses used for volunteer services ONLY

Qualifying Criteria

  • All Singapore based organisations carrying out businesses, including clubs and trade associations
  • Owners or directors of businesses are not allowed to claim

Application Guide

Step 1: 

Fill in Declaration Form A, with expected expenditure and receive IPC endorsement

Step 2

  • Carry out voluntary service on agreed date and fill in Declaration Form B on expenditure
  • IPC to sign form
  • Submit online both Form A & B through IRAS

Step 3

Tax computation will show claimed tax deductions


End Date of Grant

Tentatively none.