Investment Allowance Scheme for the Construction Industry
Investment Allowance Scheme (IAS)
|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
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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.
For more info on IAS, click here to contact us.