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Glossary

CVS

Corporate Volunteer Scheme

Charities and Volunteering Inland Revenue Authority of Singapore

A tax incentive under which qualifying businesses may claim a 250% deduction on eligible expenditure when employees volunteer, provide services or are seconded to Institutions of a Public Character, subject to the scheme's conditions and caps.

Context: Budget 2026 extended the CVS deduction to qualifying expenditure incurred from 1 January 2027 through 31 December 2029.

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