What is the Definition of JTC's R&D Expenditure? (JTC's Lease Renewal for Industrial Land)

COST ELEMENTS CONSIDERED AS R&D EXPENDITURE
  • Manpower cost – 100% for FULL-TIME R&D staff and 50% for staff in product design/development and process re-engineering.
  • Costs of materials, specialised software and services consumed in R&D activities (must be directly related to project). 
  • Amortisation of Technology and Intellectual Property Rights Licensing/ Acquisition (only applies for licensing and acquisition with parties of no direct relationship, i.e. not parent or subsidiary/associate company).
  • Training – 50% on training and course fees. (Training must be directly related to R&D and product design/development and process re-engineering.)
  • Costs in engaging consultancy services and/ or conducting feasibility studies/ market research. These services/ researches must be directly related to R&D activities. 
  • Sub-contracting/outsourcing of R&D activities.
  • Test marketing – the cost of producing prototypes for alpha and beta testing
  • Certification, testing and type approvals.

Please click here for JTC Industrial Land Tender Analysis & Information

While every endeavour has been made to ensure that the information provided herein is correct, ALLIANCE FACILITIES MANAGEMENT PTE LTD disclaims liability for any damage or loss that may be caused as a result of any error or omission.

JTC Assignment of Lease
How to Successfully Apply for Approval for 
Renewal of Lease from JTC?