Research & Development

Did you know that

  • Improvements in business processes can be considered R&D?
  • R&D activities carried out offshore can qualify for enhanced tax deductions in Singapore?
  • Up to 400% tax deductions can be claimed for R&D costs?

Some companies carry out certain activities without realising that the costs incurred for those activities can qualify for R&D tax concessions and grants or subsidies.
 

How PwC can help you

PwC’s dedicated R&D team can help you:

  • analyse and maximise your R&D claims by identifying the R&D activities and underlying expenses which may qualify for enhanced tax deductions in Singapore;
  • conduct R&D workshops for your employees;
  • prepare supporting documentation to strengthen the basis of your R&D claim and increase the chances of success in the event of a dispute; and
  • negotiate with the relevant authorities for R&D incentives, grants or subsidies in Singapore.

An opportunity for tax savings

We can also help you plan where to house your R&D capabilities based on the tax treaties and R&D tax concessions available in different jurisdictions to maximise tax efficiency.

Download further information on how PwC's R&D team can help maximise your R&D tax savings.

Find out more