On 1 December 2017, the Inland Revenue Authority of Singapore published a revised e-Tax guide on research and development (R&D) tax measures. The guide covers:
- Qualifying R&D Projects, including the three main requirements: (a) The objective is to (i) Acquire new knowledge, (ii) Create new products or processes, or (iii) Improve existing products or processes; (b) It involves novelty or technical risk; and (c) It is a systematic, investigative and experimental ("SIE") study in a fiel…