Research & Development

Research & Development

KPMG's Global R&D Incentives Services team helps SMEs and MNCs identify and take advantage of available R&D tax incentives and related benefits.

Helping businesses identify and take advantage of available R&D tax incentives.

The Singapore government encourages businesses to build competitive advantage through research and development (R&D) by providing tax and financial incentives.

There are various R&D incentives available to small-medium enterprises (SMEs) or multinationals, and it is important to know whether your company is eligible for such tax benefits.

 

How we can help

Business owners often seek our assistance with R&D programs. This includes preparation of supporting R&D project documentation for submission, and identifying and taking advantage of available R&D incentives and related benefits.

If you are just starting on this journey, our network of R&D incentive specialists will sit with you to understand your business and R&D investments. This allows us to match your business needs and R&D investments with the incentives and benefits available.

As you prepare for new or improved products, devices, materials, processes or services, our experienced team will look into eligibility and planning issues that may arise. We will offer advice on how the identified issues may be resolved.

To help you do business in a global marketplace, we have a Global R&D Incentives Services practice you can rely on.

Our services include:

  • Ascertaining whether you are claiming your entitlement to the R&D incentives in full, including the Productivity and Innovation Credit benefits
  • Reviewing whether your projects meet relevant conditions
  • Identifying potential qualifying R&D expenditure and extracting the relevant costs you can claim
  • Producing a technical report to support your R&D incentives claim
  • Liaising with authorities regarding queries on your claims
  • Establishing procedures for an ongoing review of your R&D expenditure

 

Asia Tax Firm of the Year; International Tax Firm in Asia; Indirect Tax and Global Executive Mobility Firm in Asia; and National Firm for Transfer Pricing in Singapore – ITR Asia Tax Awards 2016.

Ranked Tier 1 Firm for Tax Advisory (2017) – International Tax Review.

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Tax Alert

KPMG's Tax Alert examines and discusses the recent tax developments in Singapore and the implications thereof.

 
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