Refundable Investment Credit (RIC): What does it mean for you?

An event where we share the latest updates on the RIC and the tax and accounting considerations for RIC relevant to your sector.

The new Refundable Investment Credit (RIC) regime is a Global Anti-Base Erosion (GloBE) rules-compliant qualified refundable tax credit with the aim to encourage sizeable investments in Singapore.

Since it was first announced in Singapore Budget 2024, the draft legislation has been shared for public consultation and more recently on 9 September, the RIC legislation has been introduced in Parliament.

Companies looking to make significant investments may consider the RIC in their investment strategy, together with other potential tax and non-tax incentives and grants. Existing incentive recipients and prospective applicants should consider modelling the tax costs among other factors before engaging in discussions with the Economic Development Board (EDB) or Enterprise Singapore (EnterpriseSG).

We would like to invite you to an event where we share the latest updates on the RIC and the tax and accounting considerations for RIC relevant to your sector. Participants are encouraged to send in any questions they may have upon registration on the RSVP form.

This closed-door event is designed for senior tax and finance personnel in the diversified industrials and advanced manufacturing; technology, media and entertainment, and telecommunications (TMT) sectors based in Singapore.

As there are limited seats, you are strongly encouraged to register early. Successful registrations would be sent confirmations.

Discussion highlights

• How do you leverage the RIC for your business? How could the RIC fit into your overall incentive and investment strategy?
• Would the RIC or other incentives work better for you?
• How would the RIC be implemented in Singapore and be accounted for?

REGISTER HERE

Event Location