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Investment Allowance Scheme for the Construction Industry

Investment Allowance Scheme (IAS)

Announcement

In conjunction with the implementation of the Construction Industry Transformation Map (ITM), the Investment Allowance Scheme (IAS) will be extended to 2023 to provide continual support for Mechanisation. The minimum capital investment would be raised to $100,000.

Trench Cutter
Tower Crane(Tip load of 10T@30m) Concrete Crusher

The Investment Allowance Scheme (IAS) administered by BCA for the construction industry was introduced in 1982. IAS helps to accelerate the pace of mechanisation through tax incentives for capital investment on productive construction equipment. Builders who tap on the scheme to upgrade their capability and increase productivity can enjoy tax relief on approved capital expenditure.

Under the scheme, expenditure incurred by Singapore-registered companies on new productive construction equipment will be eligible for investment allowance at a support level of 50%. The equipment must achieve 20% productivity improvement at project level or trade level.


Queries & Application Details

Form / Relevant Document Description
Application Form for Investment Allowance Scheme
Guidelines for Investment Allowance Scheme

Interested companies can discuss with BCA on the potential improvement to their work and get support under IAS.

CONTACT INFORMATION

Tel: 1800-3425222

For more info on IAS, click here to contact us.