Identity, year and supporting confirmation
Complete and sign the claim with name, NRIC/FIN and contact details. Enter the assessment year for the qualifying investment and attach Enterprise Singapore’s confirmation letter. The form refers to the deduction under section 37K; it does not itself grant investor approval or replace the confirmation letter.
Deduction amount and unused balance
The form calculates the annual deduction at 50% of qualifying investment cost, capped at S$500,000 of cost and therefore S$250,000 of deduction. It offsets total statutory income after trade losses; unused deduction is disregarded, not described as a carry-forward. Confirm truth and correctness and sign/date the declaration. These rules are the form’s historical AITD terms and should not imply a new application window.
Submission route in the form
The source estimates five minutes and permits sending the signed form to IRAS by post or through myTax Portal using Singpass or Singpass Foreign. Preserve the confirmation letter with the completed claim and check the current scheme context before relying on this legacy form for a new investment.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗