The Business Times
business-time-50
SUBSCRIBERS

Collaborating on R&D might be worth the risks of competition

google-preferred-sourceAdd BT as a preferred source
Renald Yeo

Renald Yeo

Published Wed, May 24, 2023 · 12:00 PM
    • Under a cost-sharing agreement, companies share the costs and risks of qualifying R&D activities, while claiming tax deductions on the proportionate amount spent.
    • Under a cost-sharing agreement, companies share the costs and risks of qualifying R&D activities, while claiming tax deductions on the proportionate amount spent. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    WHEN enhanced tax deductions for research and development (R&D) were announced in Singapore’s Budget this year, not many small and medium-sized enterprises (SMEs) may have been excited.

    After all, they still face the same barriers to investing in R&D – the process can be an expensive and risky endeavour.

    But what if SMEs could team up, pool resources and spread the risk?

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Singapore SMEsResearch & developmentInnovation

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

    In taxing wealth, how far can Singapore push property owners?

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    The iconic rainbow blocks of Rochor Centre were demolished in 2018 to 2019 to make way for the North-South Corridor.

    20 photos that show how dramatically Singapore has changed in two decades

    Andrew Lee, chairman of OCBC (right), and group chief executive Tan Teck Long speaking at Thursday's (Apr 16) AGM.

    Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More