Singapore legislation
Regulation 4
of Income Tax (Refundable Investment Credits) Regulations 2025
Regulation 4
Factors to determine rates for computation of RICs for each type of qualifying expenditure
In determining the rate for computing the amount of RICs for each type of qualifying expenditure mentioned in regulation 3, the approving authority must consider the following factors, as applicable:
the scale and nature of the company’s investment in Singapore;
the impact of the qualifying activity on the development of any of the company’s trades and businesses or of any industry in Singapore;
in relation to any qualifying activity mentioned in regulation 2(f), the impact of the qualifying activity on —
the resource efficiency of any of the company’s trades and businesses or the industry to which any of those trades and businesses belong; or
the environmental sustainability of any of the company’s trades and businesses.