R&D Incentives: Adding value across ASPAC

R&D Incentives: Adding value across ASPAC

As governments throughout the Asia Pacific (ASPAC) region and the world increase and enhance their support for Research and Development (R&D) investment, globally mobile businesses are faced with a variety of regional tax schemes, sovereign laws and restrictions. This is further compounded by additional challenges that may include net costs, intellectual property, transfer pricing, and more.  


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R&D Incentives: Adding value across ASPAC

However, for those wanting to navigate the complexities of today’s fast-changing ASPAC R&D incentives, the benefits can be tangible.


The fifth edition of the KPMG ASPAC R&D Incentives Guide Summary provides key insights into the R&D tax schemes for these ASPAC countries:


Australia, China and Hong Kong, India, Japan, Malaysia, New Zealand, Pakistan, Papua New Guinea, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, and Vietnam.


In addition, the guide also discusses what you need to consider regarding location, restrictions, and opportunities.


As R&D incentives develop and mature, it’s essential you stay ahead of the changes.


Key insights

  • Japan has extended its R&D tax credit system for an additional 3 years.
  • New Zealand has introduced a new R&D grants and funding scheme.
  • Singapore has introduced additional benefits for SMEs. SMEs are now eligible for a tax deduction of 400 percent on the first SGD600, 000, which is an increase of SGD200, 000.
  • South Korea has expanded benefits for medium-sized companies.
  • As part of the 2014/15 Federal Budget, the Australia Government has reduced refundable and non-refundable assets by 1.5 percentage points.

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