Singapore: One-year accelerated depreciation allowance for energy efficient equipment and technology

This tax incentive scheme is provided under the Income Tax Act.  The objective of the scheme is to encourage companies to replace old, energy-consuming equipment with more energy efficient ones and to invest in energy-saving equipment.  Inefficient equipment not only incurs high operating costs as it consumes more energy but also has a negative impact on the environment as a result of higher emission of pollutants to the environment. 

Status: In Force; Government Initiative

References: http://www.nccc.gov.sg/incentive/home.shtm