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