Singapore: Changes to R&D tax incentive regime | KPMG | GLOBAL
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Singapore: Changes to R&D tax incentive regime

Singapore: Changes to R&D tax incentive regime

Singapore offers a combination of targeted and broad-based policy tools to promote innovation, one being in the form of the research and development (R&D) tax incentive— and later as part of the productivity and innovation credit (PIC) regime. Another subsidy available is the “capability development grant” program that tends to be project- specific and does not provide incentives for continual innovation.


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While the PIC regime is scheduled to expire in 2018, the R&D tax credit will continue, but with significantly reduced benefits and scope. The expiration of the PIC also means that some businesses may fall out of the PIC regime as early as January 2017.

Given the scheduled changes, taxpayers need to review their R&D tax incentives.


Read a January 2017 report [PDF 269 KB] prepared by the KPMG member firm in Singapore: Need to review R&D tax incentive scheme to boost innovation

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