Singapore – EIS – Taxation Guide

8 February 24
Singapore’s Enterprise Innovation Scheme (EIS), launched in Budget 2023, encourages innovation through enhanced tax deductions/allowances for qualifying R&D, IP registration, and training expenditures from YA 2024 to YA 2028. Qualifying businesses can also convert up to $100,000 of their annual qualifying expenditure into cash at a 20% rate instead of claiming tax deductions/allowances. The scheme includes specific rules for deduction eligibility and cash payouts, with provisions to ensure only eligible activities benefit. This initiative aims to foster a culture of innovation and technical advancement among Singaporean businesses.

You may also like

11 March 24


Recent Posts


Subscribe to our mailing list

Media Contact

For media enquiries please contact us at

Scan here: