Applying for Tax Incentives

Key requirements

The IRAS table identifies the governing Income Tax Act or Economic Expansion Incentives Act provision, incentive type and application agency. Examples include maritime incentives through MPA, financial sector incentives through MAS, internationalisation and global trading incentives through EnterpriseSG, and pioneer or development incentives through EDB. A company should approach the specified agency for the detailed eligibility and approval process rather than assume IRAS grants every incentive directly. Check the award terms, qualifying activity, period and income segregation before claiming a concessionary rate or exemption.