Key Tax Incentives Administered by the Economic Development Board and Enterprise Singapore
The Singapore government has established a number of tax incentive programmes to help companies improve efficiency, strengthen capabilities and explore new opportunities in their business. Some programmes cater to the needs of start-ups and local enterprises, while others are designed for global companies carrying out high-value and substantive economic activities in Singapore.
The tax incentives are legislated, and the approving authority is usually vested with statutory bodies such as the Economic Development Board (EDB), Enterprise Singapore (ES), the Monetary Authority of Singapore (MAS), the Singapore Tourism Board (STB), the Building and Construction Authority (BCA), and the Maritime and Port Authority of Singapore (MPA).
The key tax incentives administered by EDB and ES are listed below:
The information presented in this article is as at 23 October 2024.
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Disclaimer
This article should be used as a general guide only. No reader should act solely upon any information found in this article. We recommend that professional advice be sought before taking action on specific issues and making significant business decisions. Crowe Singapore expressly disclaims all and any liability to any person in respect of anything, and of the consequences of anything, done or omitted to be done by any such person in reliance, whether wholly or partially, upon the whole or any part of the contents of the above article. While every effort has been made to ensure the accuracy of the information contained herein, Crowe Singapore shall not be responsible whatsoever for any errors or omissions in it.
