Description
This scheme aims to encourage Singapore tourism companies to promote the provision of services for inbound tourism to Singapore through participation in STB-supported overseas trade fairs / missions.
Scope of Assistance
The Double Tax Deduction (DTD) scheme allows approved companies to deduct against their taxable income, twice the eligible expenses incurred for participating in overseas fairs / missions.
Eligibility Criteria
To qualify, a company should meet the following requirements:
- Must be a resident company or have a permanent establishment in Singapore;
- Is currently not enjoying any tax relief under the Economic Expansion Incentives (Relief from Income Tax) Act;
- Is to promote Singapore services for inbound tourism.
Qualifying Expenses
Expenses eligible for consideration include:
- airfare, accommodation and subsistence allowance (up to two employees)
- publicity such as printing of event-related brochures and advertisement;
- stand / space rental (trade fair only)
- stand construction / facilities (trade fair only)
- freighting of fair exhibits (trade fair only)
- insurance for fair exhibits (trade fair only); and
- other incidental expenses as approved by the Board
Application Procedure
Company completes application form and submits the form at least seven (7) days before the commencement of the event to STB with the following supporting documents:
For amounts less than S$20,000:
- A copy of publicity materials/advertisements
For amounts more than S$20,000:
- List of organisations which you would meet during the exhibition;
- Itinerary of the trip;
- Quotations of economy airfare and accommodation;
- Quotations for printing of publicity materials and advertisements, and a copy of these publicity materials/advertisements;
- Official fair profile / brochure of trade fair (including space / stand rental rates)
- Quotations for booth construction
Companies do not need to wait for approval prior to commencement of the event.
Companies will receive a letter of approval or rejection from STB.
Claim Procedure
Companies to submit the letter of approval, and relevant invoices and receipts of eligible expenses to Inland Revenue Authority of Singapore (IRAS) to obtain tax deduction.
The Comptroller of Income Tax shall determine whether the expenses contained in the claim qualify for the double deduction.
Click here to download the DTD Application Form for Inbound Tourism Overseas Promotion Trips.
Contact Information
Singapore Tourism Board
Tourism Court
1 Orchard Spring Lane
Singapore 247229
Tel: (65) 6736 6622
Fax: (65) 6736 9423
Last updated on 02 November 2007
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