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30 GOVERNMENT DEVELOPMENT ASSISTANCE PROGRAMMES
VENTURING ABROAD
PROGRAMMES
DESCRIPTION
ADMIN AGENCY
1. Double Tax Deduction (DTD) for Internationalisation
Companies enjoy tax savings through DTD with a 200% tax deduction on eligible expenses for supported market expansion and investment development activities.
Expenses eligible for consideration include:
Market Preparation
• Design of packaging for overseas market
• Product/Service certification
• Market surveys / Feasibility Studies
Market Exploration
• Overseas business development trips/ missions
• Overseas trade fairs
• Local trade fairs approved by Enterprise Singapore or Singapore Tourism
Board (“STB”)
Market Promotion
• Overseas advertising and promotional campaigns
• Production of corporate brochures for overseas distribution
• Advertising in approved local trade publications
Market Presence
• Overseas trade offices
• Master licensing and franchising
• Employee overseas posting
• Overseas investment study trips / missions
• Investment feasibility due diligence studies
Automatic DTD
You can automatically claim 200% tax deduction on the first S$150,000 of eligible expenses for the below activities per year of assessment. No prior approval from IE Singapore is required for the following activities:
• Overseas business development trips and missions
• Overseas investment study trips and missions
• Overseas trade fairs
• Local trade fairs approved by Enterprise Singapore or Singapore
Tourism Board (STB)
Eligible expenses on qualifying activities outside the four areas, and expenses exceeding S$150,000 will require Enterprise Singapore’s approval.
Eligibility Criteria:
• Must be a resident company or has a permanent establishment in Singapore;
• Is currently not enjoying any other forms of tax incentives from the government e.g. Pioneer Incentive and Development & Expansion Incentives under the Economic Expansion Incentive Act (EEIA), Global Trader Program (GTP) and Productivity & Innovation Credit for Investments in Design (PIC in Design)
under Income Tax Act (ITA), etc;
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