On 22 January 2015, the Inland Revenue Authority of Singapore published the revised e-Tax Guide: Research and Development Tax Measures (Fourth edition).
The guide covers:
- Conditions for Qualifying R&D Projects,
- R&D tax deductions and capital allowances eligibility and application, and
- Administrative procedures
The change in the fourth edition is the addition of Annex H, which covers how Singapore R&D incentives apply in regard to R&D in the Food and Beverage industry, incl…