The Enterprise Innovation Scheme (EIS), as introduced in Budget 2023, is designed to enable businesses to benefit from enhanced/ new tax deductions and/ or allowances on qualifying expenditure incurred on various qualifying activities.
Join Accredited Tax Advisors (Income Tax) Mr Yeo Khoon Hee, Principal Tax Specialist, Small Business Division and Ms Lim Fei Chen, Senior Tax Specialist, Income Tax Policy Branch at the Inland Revenue Authority of Singapore, as they elaborate on this scheme and dive into the administrative procedures on the claims, election for the EIS cash payout and disposal of assets before the minimum ownership period.
Mr Yeo Khoon HeePrincipal Tax Specialist, Small Business Division
Inland Revenue Authority of Singapore
Accredited Tax Advisor (Income Tax)
Khoon Hee has over 25 years of work experience in taxation from the public and private sectors. He is currently a Principal Tax Specialist with the Small Business Division in IRAS. He provides support on technical matters relating to individual and corporate income tax which include issue resolution, budget measures implementation, training and taxpayer education.
Ms Lim Fei ChenSenior Tax Specialist, Income Tax Policy Branch
Inland Revenue Authority of Singapore
Accredited Tax Advisor (Income Tax)
Fei Chen is a Senior Tax Specialist with the Income Tax Policy Branch in IRAS with over 10 years of experience in tax policy work. She handles matters relating to the formulation, review and implementation of tax policy, as well as legislation drafting to effect policy changes for Income Tax. Fei Chen is part of the team that reviews income tax matters relating to research and development and innovation-related activities.