Special Incentives, Grants, Etc

The Singapore Government grants a range of tax incentives to encourage investments and growth in sectors identified as being crucial to the economic development of Singapore. These tax incentives are legislated in the Economic Expansion Incentives (Relief from Income Tax) Act (EEIA) and in the Income Tax Act (ITA).

The application for these tax incentives is generally subject to the approval of the relevant government authorities who will assess each case in accordance with its individual merit. The majority of the tax incentives are administered by the following authorities and approving agencies:

• Economic Development Board: www.edb.gov.sg

• Enterprise Singapore: www.enterprisesg.gov.sg

• Monetary Authority of Singapore: www.mas.gov.sg

Other approving agencies, depending on the type of incentive applied for, include:

• the Singapore Tourism Board

• the Maritime and Port Authority (MPA), and

• the Infocomm Development Authority.