Pioneer Certificate Incentive (PC) & Development and Expansion Incentive (DEI)
The Pioneer Certificate Incentive (PC) and the Development and Expansion Incentive (DEI) aim to encourage companies to grow capabilities and conduct new or expanded economic activities in Singapore. Companies that carry out global or regional headquarters (HQ) activities of managing, coordinating and controlling business activities for a group of companies may also apply for the PC or DEI for the HQ activities.
In the Singapore Budget Statement 2017, the Minister for Finance announced the introduction of the Intellectual Property Development Incentive (“IDI”) to encourage the use of intellectual property (“IP”) arising from research and development. Additionally, the scope of two existing incentives, namely the Pioneer Service Companies Incentive (“PC-S”) and the Development and Expansion Incentive (“DEI”) will be amended to exclude IP income.
Finance & Treasury Centre (FTC) Incentive
The Finance and Treasury Centre (FTC) Incentive aims to encourage companies to grow treasury management capabilities and use Singapore as a base for conducting strategic finance and treasury management activities.
Land Intensification Allowance (LIA)
The Land Intensification Allowance (LIA) aims to promote the intensification of industrial land use towards more land-efficient and higher value-added activities.
Aircraft Leasing Scheme (ALS)
The Aircraft Leasing Scheme (ALS) aims to encourage companies to develop aircraft leasing capabilities and grow the aircraft leasing industry in Singapore.
For statutes relating to the tax incentives in the above, please refer to the Economic Expansion Incentives Act and the Income Tax Act.