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Make informed climate and energy decisions. Follow Saxon Renewables for practical insights on Asia’s renewable electricity and carbon markets.

Singapore expands tax deductions to support voluntary corporate climate action. From Year of Assessment (YA) 2026, businesses can claim a 100% tax deduction on qualifying expenditure for Renewable Energy Certificates (RECs) and carbon credits surrendered or retired to meet voluntary sustainability commitments. Previously, deductions were limited to expenditure incurred to meet statutory or regulatory requirements. 💡 What does this mean for corporate buyers? By reducing the after-tax cost of qualifying expenditure, this policy expansion strengthens the financial case for voluntary climate action. Eligibility requirements apply. For RECs, the associated renewable electricity must be supplied to Singapore under the applicable rules. The deduction is claimed when qualifying certificates or credits are surrendered or retired, rather than upon purchase alone. Saxon Renewables welcomes this development as part of Singapore’s broader decarbonisation efforts. As Asia’s Climate Solutions Partner, we remain committed to supporting the nation’s climate ambitions through credible renewable energy and carbon market solutions. Exploring corporate climate solutions? 🔗 Connect with us: https://lnkd.in/gScSieSK Source: Inland Revenue Authority of Singapore (IRAS) #SaxonRenewables #RenewableEnergyCertificates #CarbonCredits #Singapore #Asia

Make informed climate and energy decisions. Follow Saxon Renewables for practical insights on Asia’s renewable electricity and carbon markets.

Every organisation’s decarbonisation pathway looks different. Having worked closely with 200+ multinational and regional corporates across Asia, Saxon Renewables brings the experience to guide corporate decarbonisation strategies across markets — where cost, risk and implementation is balanced. Follow our page for practical updates on corporate decarbonisation and renewable energy. | Asia's Climate Solutions Partner

Every organisation’s decarbonisation pathway looks different. Having worked closely with 200+ multinational and regional corporates across Asia, Saxon Renewables brings the experience to guide corporate decarbonisation strategies across markets — where cost, risk and implementation is balanced. Follow our page for practical updates on corporate decarbonisation and renewable energy.