Preferential Tax Concessions

  • Year of Introduction:
    2025 (Proposed)

    Incentive:
    8.25% tax rate on qualifying physical commodity trading profits (Proposed)

    Target Sector:
    Commodities Trading

  • Year of Introduction:
    2024

    Incentive:
    5% tax rate on qualifying profits derived from eligible IP (e.g., patents)

    Target Sector:
    Innovation & Technology

  • Year of Introduction:
    2022

    Incentive:
    0% tax rate on qualifying transactions for eligible family-owned investment vehicles

    Target Sector:
    Asset & Wealth Management

  • Year of Introduction:
    2021 (Expanded)

    Incentive:
    8.25% tax rate on qualifying insurance profits (covers captive, reinsurance, and specialty risks)

    Target Sector:
    Insurance & Risk Management

  • Year of Introduction:
    2020

    Incentive:
    0% tax rate on qualifying ship leasing profits

    Target Sector:
    Maritime & Logistics

  • Year of Introduction:
    2019

    Incentive:
    0% tax rate on qualifying transactions for eligible funds

    Target Sector:
    Asset & Wealth Management

  • Year of Introduction:
    2018

    Incentive:
    Up to 300% tax deduction on qualifying R&D expenditure

    Target Sector:
    Innovation & Technology

  • Year of Introduction:
    2017, 2024 (enhanced)

    Incentive:
    8.25% tax rate; full deduction of aircraft acquisition cost

    Target Sector:
    Aviation Finance & Leasing

  • Year of Introduction:
    2016

    Incentive:
    8.25% tax rate on qualifying profits; enhanced interest deductibility

    Target Sector:
    Corporate Finance & Treasury Management