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.
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.