Singapore: Income Tax Act

To encourage companies to replace old, energy-consuming equipment with more energy efficient ones and to invest in energy-saving equipment, including solar equipment, Singapore has developed a one-year accelerated depreciation allowance for energy efficient equipment and technology.  Provisions in the Income Tax Act promote efficiency by allowing expenditure to improve efficiency to be deducted as an expenditure rather than as a capital expenditure that has to be depreciated over time.

Date Implemented: 1996

Status: In Force; Voluntary

References: National Communication to the UNFCCC

http://statutes.agc.gov.sg