Enterprise Innovation Scheme (EIS)
Provides enhanced tax deductions or allowances for qualifying innovation activities, including AI adoption from Year of Assessment 2027, with an optional cash-conversion route for part of qualifying expenditure.
Who it may suit: Businesses carrying on a trade or business in Singapore with qualifying expenditure in Years of Assessment 2024 to 2028. The cash payout also requires at least three full-time local employees for six months or more.
What it supports: Up to 400% deductions or allowances for specified activities. For YA 2027 and YA 2028, AI adoption qualifies at 400% on up to S$50,000 of expenditure a year, without a cash-conversion option. Eligible businesses may convert up to S$100,000 of qualifying expenditure at a 20% cash payout, subject to exclusions and caps.
The public record does not state whether the project may have started. Check the official programme.
- Key condition
- This is a tax incentive, not an approval-based project grant.
- Deadline
- Rolling application
- Last verified
- 14 September 2026
