How does the tax incentive program operate in Singapore?
Take one example, the incentives under Productivity and Innovation Credit Scheme – businesses can get cash payout or a 400 percent tax deduction or allowance on expenditure of up to SG$ 400,000 on each of the following six activities:
- Purchase/ lease of prescribed automation equipment
- Training expenditure
- Acquisition of intellectual property
- Registration of intellectual property
- R&D
- Design expenditure
We provide expert advisory and corporate services across Asia, guiding businesses through complex markets and regulations.