IP Development Incentive: Promoting Innovation in Singapore

The Whats and Whys of an IP Regime

As an IP regime, IDI’s concept is similar to the regimes already found in a number of European countries: Patent Box in the U.K., Knowledge Development Box in Ireland, Innovation Box in the Netherlands, to name a few.

A good number of these regimes have been in place for some years now, albeit amended recently to be aligned with the OECD’s recommendations when implementing a preferential tax regime such that they would not be considered to be harmful tax practices. Taking a step back, the OECD has undertaken an anti-Base Erosion and ...