Our collection of resources based on what we have learned on the ground
How does the tax incentive program operate in Singapore?
Q&ATake 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
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