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.
ANNOUNCEMENT: CONSTANTIN GROWS PRESENCE IN THE UNITED ARAB EMIRATES WITH ADDITION OF DUBAI-BASED PARTNERSHIP BM MANAGEMENT CONSULTANCIES.
19 November 23
By joining forces with BM Management Consultancies, Constantin significantly strengthen its professional service offerings in the UAE and further expands
