With effect from the Year of Assessment (YA) 2003, single tax deduction is granted for expenses incurred on R&D outsourced to any R&D organisation, whether local or overseas.
How to apply?
To claim the tax deduction on expenses incurred for R&D services outsourced to overseas R&D organisation, you are required to complete and sign a declaration form. Following the changes announced in Budget 2008 on R&D tax measures, please use the revised Declaration Form ( 72kb) for claims with effect from YA 2009.
For claims prior to YA 2009, please use Declaration Form (2002) ( 67kb)
For further clarification and information, you may call EDB (IP SBU) at 6336-2288 or log on to EDB website at http://www.sedb.com/.