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 Qualifying Expenditure
Enterprise Innovation Scheme Qualifying Costs
Under the R&D Tax Incentives in Singapore, only specific types of expenditure are eligible for enhanced tax deductions. Understanding what qualifies, and what doesn’t, is essential for compliance and maximizing your benefits.
What Costs Qualify under EIS?
IRAS recognizes the following categories for R&D activities conducted in Singapore:
| Staff Costs | Salaries, wages, and benefits for employees directly involved in R&D (excluding director fees). |
| Consumables | Materials used in R&D that are consumed or transformed during the process and cannot be reused. |
| Outsourced R&D Fees | 60% of fees paid to external R&D service providers for qualifying activities. |
What Does Not Qualify?
IRAS doesn’t recognizes the following activities for R&D Tax deductions:
- Routine operational costs unrelated to R&D
- Marketing, sales, or administrative expenses
- Capital expenditure on fixed assets (unless specifically allowed under other schemes)
Documentation IRAS Expects
To support your claim for R&D Tax Incentives, IRAS expects:
- Payroll reports for R&D staff
- Purchase invoices for consumables
- Contracts and invoices for outsourced R&D services
For project eligibility requirements, see EIS Project Eligibility
Our Methodolgy in R&D Tax Incentives
Our structured methodology ensures clarity, compliance, and efficiency:
- Eligibility Assessment: Identify qualifying projects, activities, expenses, and investments.
- Financial Calculation: Review costs and compute deductible R&D claim amounts.
- Technical Justification: Draft project descriptions to meet IRAS compliance requirements.
- R&D Form Delivery: Prepare and submit complete R&D claim forms to IRAS.
- Claim Report: Consolidate all supporting documents for potential IRAS enquiries.
- Post-Submission Support: Assist with IRAS queries and defend your R&D claim
Our Methodolgy in R&D Tax Incentives
Our structured methodology ensures clarity, compliance, and efficiency:
- Eligibility Assessment: Identify qualifying projects, activities, expenses, and investments.
- Financial Calculation: Review costs and compute deductible R&D claim amounts.
- Technical Justification: Draft project descriptions to meet IRAS compliance requirements.
- R&D Form Delivery: Prepare and submit complete R&D claim forms to IRAS.
- Claim Report: Consolidate all supporting documents for potential IRAS enquiries.
- Post-Submission Support: Assist with IRAS queries and defend your R&D claim
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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
