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Research and Development Cash Rebate Scheme (CRS)

The Research and Development Cash Rebate Scheme (CRS) aims to encourage more research and development (R&D) investment in the private sector and encourage companies to establish stronger partnership with local public research institutes.

The Scheme provides a cash rebate equivalent to 40% of a company's eligible expenditure in two types of applied R&D projects –

(1) R&D projects funded by the Innovation and Technology Fund (ITF) ("ITF projects"); and
(2) R&D projects funded entirely by companies and conducted in partnership with designated local public research institutes ("Partnership projects").

Key Features:
- 40% cash rebate of the companies’ eligible expenditure contributed to ITF projects and Partnership projects as undertaken by designated local public research institutes.


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