Singapore's Enhanced Tax Deductions for R&D: Best Practices, Practical Steps and Updates (On Demand)
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Description

Deductions for R&D under Sections 14D and 14DA(1) often present tax compliance challenges to in-house tax and finance teams. This is because the collection of R&D project data requires coordination with many functions across the company and this is a difficult process to manage.

For companies who have historically benefited from low concessionary tax rates, sunset dates may be fast approaching. As such it would be prudent for in-house tax personnel to ensure they are conversant on statutory R&D deductions and how to claim.

Many companies are restructuring due to the difficult global economic conditions brought on by the COVID-19 pandemic. If a company plans to undertake restructuring, it would be advisable to gather the requisite R&D documentation prior such restructuring so as to avoid losing information.

In this webinar, our highly experienced presenter will share practical tips, best practices and updates which are relevant to in-house tax and finance teams at companies performing R&D in Singapore and engaging in R&D cost sharing here.

Programme Outline

  • What projects and activities qualify as R&D; key requirements and considerations
  • What expenditure are eligible for claim under each section
  • Requirement to deduct R&D expenditure under S.14D / S.14DA(1)
  • Treatment of cost sharing and outsourced R&D
  • Requirements in relation to IP and risk
  • Software development and prototypes
  • Technical issues to be aware of
  • How to complete the R&D claim form
  • Best practices for planning and undertaking the field work remotely
  • Q&A (15mins)

What you will learn

  • Attendees will enhance their understanding of Singapore’s statutory R&D deductions and how to claim. 

Target Audience

  • MNC Tax Professionals and Finance personnel managing Tax
    • Tax Directors
    • Regional Tax Managers
    • CFOs / Finance Directors / Finance Managers

Expert Speaker

Jonathan is a Director with Ladera Pacific which is a specialist R&D incentives consultancy.  He has over 16 years of experience delivering R&D tax incentive projects in Singapore and the U.S.  Jonathan was previously a Director with PwC where he was responsible for growing the R&D tax incentives practice in the U.S. and Singapore. 

Over the course of his career he has worked with hundreds of engineers, scientists, finance, and tax personnel to quantify and document hundreds of projects and billions of dollars in eligible expenditures.  He has presented on R&D incentive topics to international Chambers of Commerce, industry forums, PwC national training events, and authored articles on the topic.   

  • Elearning
    • $192.60 e-Learning 20% Discount - Apply Promotional Code: OEC20 $154.08incl. GST (7%)
    • PD hours: 2
    Complete online at your own pace (Self-paced)
    • $192.60 e-Learning 20% Discount - Apply Promotional Code: OEC20 $154.08incl. GST (7%)

Coming Soon

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One-Connection-One-Fee

Our webinars operate on a 'one-connection-one-fee' basis, so you can have your whole team participate together in a boardroom setting for one cost effective price, using one registered log-in connection. The registered attendee will receive a CPD certificate.

Recordings

Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! Recordings are provided for webinars with a duration of 3 hours and less.