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In forceAs enacted

Subsidiary Legislation

Income Tax (Deduction for Expenditure on Green Certificates and Green Credits) Rules 2026

The text

reg 1Citation and commencement

These Rules are the Income Tax (Deduction for Expenditure on Green Certificates and Green Credits) Rules 2026 and come into operation on 8 October 2026.

reg 2Prescribed green certificates and green credits under section 14ZJ(1) of Act

Subregulation 1

For the purposes of section 14ZJ(1) of the Act —

(a)

renewable energy certificates are prescribed green certificates; and

(b)

carbon credits are prescribed green credits.

Subregulation 2

In this rule —

“carbon credit” means —

(a)

a certificate representing an amount of greenhouse gas emissions reduction or removal, generated from any project or programme, and (to avoid doubt) includes a certificate representing the avoidance of an amount of such emissions;

(b)

a right to emit any greenhouse gas; or

(c)

a means to satisfy any tax or regulatory obligation arising from the emission of any greenhouse gas,and includes a carbon credit as defined in section 2(1) of the Carbon Pricing Act 2018;

“greenhouse gas” has the meaning given by section 2(1) of the Carbon Pricing Act 2018;

“renewable energy certificate” means a certificate representing the ownership of the environmental, social or any other non‑power attribute of a unit of electricity that is —

(a)

generated (whether in Singapore or elsewhere) using energy from a renewable energy source; and

(b)

supplied, in accordance with the Electricity Act 2001, to any person or premises in Singapore;

“renewable energy source” means any source of energy that naturally replenishes at a rate faster than the rate at which it is extracted for energy.