Singapore looking to launch guidelines for the valuation of intangible assets

SINGAPORE may soon launch new guidelines to value intangible assets (IA) such as trademarks and patents to plug gaps in existing IA valuation practice. 

The Intellectual Property Office of Singapore (IPOS) is seeking a contractor to propose an outline for new IA valuation guidelines, after identifying issues with existing practices, according to tender documents on the government portal, Gebiz. 

Intangible assets are non-physical assets such as brands, software codes and forms of intellectual property (IP) such as patents and trademarks.