(August 22, 2014)

On August 22, 2014 the Inland Revenue Authority of Singapore published the second edition of the IRAS e-Tax Guide regarding Research and Development Tax Measures. This e-Tax Guide replaces the IRAS Circular on "Research and Development Tax Measures" from October 31, 2008, which was last revised on November 6, 2013. The aim of the e-Tax guide is to set out the relevant R&D Tax measures as announced in the Budgets 2008 to 2014. The guide clarifies on the existing definition of R&D and its qualifying criteria. The guide is meant to help taxpayers self-asses if their R&D activities are qualifying R&D activities for tax purposes.

The guide provides guidance in the following areas: 

• Qualifying R&D projects;
• R&D tax deductions; and
• Administrative procedures.

Click here to be forwarded to the e-Tax guide as it is published on the website of the Inland Revenue Authority of Singapore, which will open in a new window.

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