Reading Time: 4 minutesNobody likes taxes. Over 190,000 companies paid tax in Singapore in 2016, for gross tax receipts of S$1.36 billion. As a social enterprise or SME owner, dealing with taxes often causes headaches, especially when you need every cent to pay the bills or grow your business. Fortunately, the Singapore tax regime is one of the […]
Tax Deductions for Costs relating to Intellectual Property
Reading Time: 4 minutesTax deductions are available for costs incurred in the registration, acquisition and licensing of intellectual property. In an effort to support innovation and the secure commercialisation of intellectual property, the Singapore Budget 2018 (“2018 Budget”) has extended and enhanced certain aspects of the existing tax benefits for YA 2019 to 2025. Income Tax Act Registration […]