Refundable Investment Credit

Singapore is implementing a new Refundable Investment Credit (RIC) scheme to support the high value and significant economic activities by international and local companies. The energy related activities include investment in new productive capacity in the form of new manufacturing plant and production of low-carbon energy, R&D and innovation activity, as well as development of decarbonisation solutions. 

The incentive will come in the form of tax credit, funded through the National Productivity fund. 

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