In order to claim investment tax credit of 15% of current year R&D expenditure, the Investment Development Bureau (IDB) has provided taxpayers with guidance on how to prepare satisfactory application documents:
| - | R&D projects conducted by the taxpayer internally should be systematically integrated and categorized by technical know-how, rather than product type. | |
| - | Only R&D expenses related to R&D activities which are highl… |