Tax Treatment of Business Expenses (S-Z)

Key requirements

Section 14V can cover qualifying statutory and regulatory expenditure, including audits, accounting and tax compliance, but capital costs such as incorporation, strike-off and IPO fees remain excluded. Employer SRS contributions are staff costs subject to the applicable employee contribution cap. Retirement Account and Special Account top-ups have their own rules. Employer MediSave top-ups before 1 January 2026 are not deductible under the cited treatment; those on or after that date are deductible. Platform-worker CPF top-ups also have specific YA 2026 and January 2026 changes. The recipient’s taxable income and potential personal relief are separate from the business deduction. Identify the contributor, account and payment date rather than grouping all CPF-related cash transfers together.