Category
B:
Energy-Saving Equipment and Devices
Under
this category, the capital expenditure incurred by investing in energy-saving
equipment could be depreciated in 1 year instead of 3. In other words, you
would pay less tax in the first year (example).
To
qualify, the energy-saving equipment must fall under the List of Approved Energy-saving
Equipment and Devices. If you qualify for this category, please refer to
the application procedures provided below.
List
of Approved Energy-Saving Equipment and Devices
-
any
solar heating or cooling system
-
any
solar energy collection system
-
any
heat recovery system
-
any
power factor controller
-
any
high efficiency electric motor
-
any
variable speed drive motor control system
-
any
high frequency lighting system
-
any
computerised energy management system
Application
Procedures
|
1. |
Check
that the equipment installed is in the List of Approved Energy-Saving Equipment
and Devices. |
|
2. |
Download
the application form for Category B. |
|
3. |
Obtain
a certificate of approval from PSB Corp. (How?) |
|
4. |
Submit
the completed application form, the certificate of approval and
supporting invoices to the Inland Revenue Authority of Singapore (IRAS)
when making your tax submission. |
|
5. |
Forward
a copy of the application form and the certificate of approval to: |
|
|
Head
(Resource Conservation Department)
National Environment Agency
40 Scotts
Road #11-00 Environment Building
Singapore 228231 |
