Enterprise Innovation Scheme (EIS)

Lets businesses claim 400% tax deductions on qualifying R&D, IP registration, IP acquisition or licensing, employee training and innovation projects. Alternatively, they can convert part of the spending into a cash payout.

Run by

Inland Revenue Authority of Singapore (IRAS)

Funding

Up to SGD 20,000

400% deduction on up to S$400,000 per Year of Assessment for each of R&D, IP registration, IP acquisition/licensing and training, and up to S$50,000 for innovation projects with polytechnics, ITE or other qualified partners. Cash payout option: 20% of up to S$100,000 of qualifying spending, i.e. up to S$20,000 per YA. YA 2024 to YA 2028.

Who can apply

• Carries on active business operations in Singapore
• Cash payout requires at least 3 full-time local employees for 6 months or more in the basis period
• Sole proprietors do not count as employees for training
• The same spending cannot be claimed as both a deduction and a cash payout

How to apply

Claim the deduction in your income tax return, or apply for the cash payout through IRAS' 'Apply for EIS Cash Payout' digital service.

Timing

Covers YA 2024 to YA 2028. Apply for the cash payout once per YA, before the income tax return filing deadline (companies: by 30 Nov).

Last checked

2026-10-11

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