Malaysia Hotline: +603- 2141 8908
Eligible
businesses with substantive plans to grow through conducting high value
activities in Singapore may apply to qualify for our various incentives
programmes. Successful applicants would
be required to satisfy rigorous requirements with respect to the scale and
qualitative aspects of the activities to be conducted there.
1. International / Regional Headquarters
Award (IHQ / RHQ)
The
Regional Headquarters Award and International Headquarters Award provide a
reduced corporate tax rate on incremental income from qualifying activities.
Applicants are required to submit plans for substantive regional or global
headquarters activities to be carried out in Singapore, including proposed
commitments in incremental business spending and creation of professional
employment.
2. Land Intensification Allowance (LIA)
The
Land Intensification Allowance provides an initial tax allowance of 25% and
annual tax allowance of 5% on qualifying capital expenditure incurred for the
construction or renovation/extension of a qualifying building or structure.
3. Integrated Investment Allowance (IIA)
The
Integrated Investment Allowance provides an allowance based on a percentage of
approved fixed capital expenditure to be incurred on productive equipment that
is placed outside Singapore for an approved project. This allowance is granted
on top of the normal capital allowance.
4. Mergers & Acquisitions (M&A)
Scheme
The
Mergers and Acquisitions Scheme provides an allowance of 25 percent of the
value of acquisition, subject to a maximum of $5 million for each year of
assessment. It also provides deductibility of transaction costs and stamp duty
relief. EDB's approval is required for the waiver of the condition that the
ultimate holding company for the group must be incorporated and tax resident in
Singapore.
5. Pioneer Incentive
The
Pioneer Incentive provides a corporate tax exemption on income from qualifying
activities. Applicants are required to submit plans for new, substantive
economic contributions, which must include commitments in significant
incremental capital expenditure, business spending and skilled jobs in
Singapore, as well as anchoring leading-edge technology, skills or activities
in Singapore. Factors of consideration also include the significance of the
proposed investment to the development of the industries in Singapore,
contributions to the growth of research and development and innovation
capabilities, as well as potential spin-off to the rest of the economy.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my