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RESEARCH AND DEVELOPMENT - Coggle Diagram
RESEARCH AND DEVELOPMENT
Single deduction
need not be scientific in nature
on R&D related to buss
on non-capital R&D expenditure
no need to get approval from Ministry
directly undertaken by taxpayer on his behalf
Double deduction
External-S34B
user co paid fees to either R&D co/contract
Contract R&D
PS 100% SI exemptions 5y
ITA=100% QE 10y restricted 70% SI
R&D co(not related to user co)
only ITA
ITA=100% QE 10y
no PS
R&D co(related to user co)
only ITA
ITA=100% QE 10y
no PS
R&D co(related to user co)
no PS
not claim ITA
In-house-S34A
double deduction
related to in-house research programme undertaken by co
research prog must have prior approval by MOF
revenue in nature
research need not be related to buss activity carried out by co
qualifying research expenditure
R&D QE deemed being used for buss + eligible CA
not qualify
general education
data collection on efficiency surveys
royalties, licensing fees
market research & marketing
routine testing
Qualifying expenditure includes
tech services
travelling & transportation costs
RM used in research
salary+allowances research staff
maintenance costs of research buildings & equipment
rental of equipment, machinery/buildings for research
if co carrying in-house R&D which is promoted activity
ITA =50% of QE (fr 10y)
restricted to 70% SI
can claim ITA, not pioneer status
if get approval for research can claim DD too