24/06/2026
π€ Accelerating AI Adoption: The Expanded Enterprise Innovation Scheme (EIS)
To support local enterprises in adopting these technologies, the Singapore Government has officially expanded the Enterprise Innovation Scheme (EIS) in Budget 2026.
This expansion introduces a brand-new qualifying category specifically for Artificial Intelligence expenditure, helping businesses defray the costs of digital transformation.
Key Details of the AI Incentive:
β€ Enhanced Tax Benefits: Enjoy a 400% tax deduction or allowance on eligible AI spending.
β€ Cap Limits: Applicable on up to $50,000 of qualifying AI expenditure per year.
β€ Timeline: Valid for the Years of Assessment (YA) 2027 and 2028.
Whether you are integrating AI-driven automation into your warehouse operations, financial workflows, or customer systems, this enhancement provides substantial fiscal support to kickstart or scale your AI journey.
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Synergix Technologies Pte Ltd
β Tel: +65 6664 3030
π§ Email: [email protected]
π Website: www.synergixtech.com