The Inland Revenue Authority of Singapore has published an e-Tax guide on the intellectual property rights (IPR) valuation report that may be required for a company wishing to claim a writing-down allowances (WDA) on capital expenditure incurred for the acquisition of qualifying IPR. The amount qualifying for WDA is the amount of capital expenditure incurred not exceeding the price at which the IPRs could have been acquired in the open market on the acquisition date. A valuation of the IPRs is to be made to determine the open market price when: The capital expenditure incurred in acquiring the IPRs is...