In order to claim investment tax credit of 15% of current year R&D expenditure, the Investment Development Bureau (IDB) has provided taxpayers with guidance on how to prepare satisfactory application documents: -   R&D projects conducted by the taxpayer internally should be systematically integrated and categorized by technical know-how, rather than product type. -   Only R&D expenses related to R&D activities which are highly innovative qualify for R&D investment tax credit. -   Each type of R&D expenditure needs to be listed separately on a project-by-project basis. Taxpayers should not combine different R&D projects into one single line item...