We engaged FI Group Singapore for tax advisory and consultancy services, and the experience has been outstanding. Their expert understanding of the R&D tax incentive enabled us to unlock significant savings. They were responsive, professional, and flexible in meeting our needs. I would highly recommend FI Group to any business looking to optimize tax incentives.
EIS Cash Payout
What is the Enterprise Innovation Scheme Cash Payout?
The EIS Cash Payout is a non-taxable funding option under Singapore’s Enterprise Innovation Scheme, allowing businesses to convert qualifying R&D expenses into cash-up to S$20,000 per year.
This scheme is designed to support innovation-driven companies, especially startups and SMEs, by improving cash flow while they invest in research and development.
How to Apply for the EIS Cash Payout
| Step | Action |
|---|---|
| 1 | File your tax return (Form C/C-S) with the R&D Claim Form |
| 2 | Apply via IRAS myTax Portal |
| 3 | Upload supporting documents, including the R&D Claim Form with project details |
| 4 | Receive payout within approximately 3 months |
FI Group Singapore prepares audit-ready documentation and manages the entire process for you
How Much Can You Receive?
| R&D Spend | Cash Payout (20%) | Annual Cap |
| S$100,000 | S$20,000 | S$20,000 |
This payout is non-taxable and typically disbursed within 3 months of application.
What R&D Activities Qualify?
Under Section 14D of the Income Tax Act, qualifying R&D must:
- Aim to create new knowledge, products, or processes
- Involve technical uncertainty or novelty
- Follow a systematic, investigative, and experimental (SIE) approach
See EIS Project Eligibility for more information.
Activities that do not qualify
- Market research or consumer testing
- Routine quality control
- Cosmetic changes
- Humanities or social sciences research
What Costs Can Be Claimed?
Eligible R&D expenditures include:
| Cost Type | Eligibility |
| Staff costs | Directly engaged in R&D (excl. directors) |
| Consumables | Used in testing or prototyping |
| Outsourced R&D | Typically 60% of contract value |
For more information see EIS Qualifying Costs
Who is Eligible for the EIS Cash Payout? Contact Us
To qualify, a company must:
- Be actively trading in Singapore
- Employ at least 3 local staff earning ≥ S$1,400/month
- Incur ≥ S$400 in qualifying R&D expenditure
- Not be in liquidation or receivership
Learn more about EIS Eligibility requirements
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Insights on R&D Tax Incentives and EIS
Discover expert articles on eligibility, benefits, and strategies to make the most of Singapore’s R&D Tax Incentives and Enterprise Innovation Scheme.
Enterprise Innovation Scheme (EIS) Cash Payout for R&D in Singapore: Complete Guide 2025
Understanding Project Eligibility for EIS and R&D Tax Measures in Singapore: Criteria and Guidance
