Tax incentive: provides full or partial exemption on withholding tax for royalty payments or technical assistance fees payable to non-residents.
Includes royalties, fees and contributions to R&D costs paid for the transfer of technology and knowhow to Singapore.
Technology or know-how must be more advanced than the prevailing industry average.
Non-resident recipient of payments will be paying lower taxes in Singapore on its royalty income. This could assist the payee company in reducing its overall payment costs.
Assists the company in transferring technology and knowhow to Singapore.
Technology/R&D
Further Deduction for R&D Expenses (S14E)
Suitable for
What the scheme does
Eligibility
Benefits
Type of assistance
Investors
Tax incentive: allows the company to deduct a second time qualifying expenses from its income, in addition to the automatic single deduction allowed.
S14E covers both R&D done inhouse, and by a third party R&D organisation.
R&D must be conducted in Singapore.
Reduces tax liability.
R&D
Innovation Development Scheme (IDS)
Suitable for
What the scheme does
Eligibility
Benefits
Type of assistance
Investors
Grant: provides co-funding to support innovation in products, processes and applications.
Eligible project costs include expenditure on manpower, equipment, intellectual property and professional services.
Open to companies registered in Singapore.
Project must lead to the build-up of innovation capabilities.
