Many businesses have benefited from this new scheme introduced in the recent Singapore Budget 2010.
We have been helping our clients to claim very generous tax deductions, which is 400% of the cost incurred on qualifying activities or alternatively a cash payout of up to $30,000 per year.
For small businesses, the relevant qualifying activity will usually be expenses incurred on IT and Training. However, do make sure this is covered under the approved list by IRAS, as all claims will be subject to approval.
Therefore, do take advantage of this scheme if your business has plans to upgrade its IT systems or send their staffs for training! This scheme will end in 2014.
Need reliable tax filing services in Singapore? Contact us now!