Refundable Investment Credit
The RIC is a refundable tax credit
The tax credit can be offset against corporate income tax
About this programme
Tax credits are awarded on qualifying expenditures incurred in Singapore in carrying out qualifying activities during the period of award.
The RIC supports six types of qualifying activities:
- Investing in new productive capacity
- Expanding or establishing the scope of activities in digital services, professional services, and supply chain management
- Expanding or establishing headquarters activities or centres of excellence
- Carrying out R&D and innovation activities
- Implementing solutions with decarbonisation objectives
- Setting up or expanding activities by commodity trading firms
Eligibility
Companies incorporated in Singapore or branches of foreign companies registered in Singapore, that:
-
Make significant new investments -
Advance Singapore's capabilities in globally leading industries and new growth sectors
Download this factsheet to understand more about the RIC.
How to apply
Find out more or apply for the Refundable Investment Credit (RIC) today.
Refundable Investment Credit
