Enterprise Innovation Scheme (EIS) and R&D Tax Incentives

Enterprise Innovation Scheme (EIS): Unlock 400% Tax Deductions for R&D in Singapore

If your business is developing new products, improving processes, or solving technical challenges, you may be eligible for R&D tax deductions under Singapore’s R&D Tax Measures and the Enterprise Innovation Scheme (EIS).

Benefits of the Enterprise Innovation Scheme

Unlock tax savings on R&D
Maximise benefits from incentives
Boost cashflow with payouts
Drive growth through innovation

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Our Methodology: How We Work

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 Methodology: How We Work

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

WHYFI GROUP

+25YEARS EXPERIENCE

+18KSATISFIED CLIENTS

1700EMPLOYEES

+$2.2 BSECURED IN SAVINGS FOR CLIENTS

QUALIFYING COSTS

Staff costs: Any salary, wages and other benefits paid in respect of employment excluding Director fees.
Consumables: Materials/items used in a Research and Development activity which upon such use, are consumed/transformed in such manner that is no longer usable in its original form.
Outsourced Fees: 60% of all fees payable to the organization for the outsourced R&D activities.

See full breakdown in EIS Qualifying Costs

PROJECT ELIGIBILITY

Objective: Project aims to acquire new knowledge, create new or improve existing products, services or processes.
Novelty: Develop something new in Singapore.
Technical Risk: Involve a degree of technical risk addressing uncertainties that cannot be readily resolved by a competent professional in the field.
SIE Study: Include planned activities aimed at testing something new or not commonly known in the field.

See EIS Project Eligibility for more information

EIS Cash Payout: Get Up to $20,000 in Cash Per Year

Under the Enterprise Innovation Scheme (EIS), companies can convert up to $100,000 of qualifying R&D expenses into cash, at a 20% conversion rate. That’s $20,000 in cash per Year of Assessment (YA).

💡 Tip: If your company pays corporate taxes, the tax deduction option may offer greater savings.
For example, $100,000 in qualifying expenses can lead to a $400,000 tax deduction. With Singapore’s 17% Corporate Income Tax (CIT) rate, that’s $68,000 in savings—over 3x more than the cash payout.

Discover more about EIS Cash Payout

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EIS Cash Payout: Get Up to $20,000 in Cash Per Year

EIS Cash Payout: Get Up to $20,000 in Cash Per Year

Discover more about EIS Cash Payout

REQUEST A FREE CONSULTATION

More about EIS

FREQUENTLY ASKED QUESTIONS

FI Group Singapore is here to help you navigate the complexities of R&D tax incentives and innovation funding. Whether you're exploring eligibility or preparing your claim, our experts provide tailored support to maximize your benefits under the EIS.

COMBINE TAX INCENTIVES AND GRANTS

You don’t have to choose between grants and R&D tax incentives, you can use both. We help structure your projects so you can receive grant funding and claim tax deductions without overlap. Our team ensures compliance and handles reporting so you maximise total support for your R&D.

EXPLORE OUR GRANT CONSULTING SERVICES

TRUSTEDBY LEADERS

Dr. Gan Weiliang, Founder & CEO, NANYTE Pte. Ltd.

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.

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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.