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.
Enterprise Innovation Scheme 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.
How to Apply for the EIS Cash Payout
| 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
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
Who is Eligible for the EIS Cash Payout? Book a meeting
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
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 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
Our Service Offering in EIS
We empower businesses to maximise their innovation potential through strategic support. Our holistic approach ensures every stage of your funding journey is optimised
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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
