On 8 June 202, the Inland Revenue Authority of Singapore (IRAS) issued an updated e-Tax Guide on Research and Development (R&D) Tax Measures (Seventh Edition). The guide sets out the relevant research and development (R&D) tax measures as announced in Budgets 2008 to 2020, clarifies the existing definition of R&D and its qualifying criteria, and helps taxpayers self-assess if their R&D activities are qualifying R&D activities for tax purposes. This e-Tax Guide provides guidance in the following areas:
(a) Part A: Qualifying R&D project.
(b) Part B: R&D Tax Deductions.
(c) Part C: Administrative Procedures.
