Description
The scheme aims to encourage Singapore companies to expand their markets by participating in international trade-oriented exhibitions held in Singapore that are supported by STB.
Scope of Assistance
The Double Tax Deduction (DTD) scheme allows approved companies to deduct against their taxable income, twice the eligible expenses incurred for approved projects.
Eligibility Criteria
To qualify, a company should meet the following requirements:
- Must be a resident company or has a permanent establishment in Singapore;
- Is currently not enjoying any tax relief under the Economic Expansion Incentives (Relief from Income Tax) Act;
- Is exhibiting in approved local trade fairs
Qualifying Expenses
Expenses eligible for consideration include:
- Costs of space/stand rental and stand construction/decoration;
- Publicity costs (e.g corporate brochures, advertising etc);
- Insurance for exhibits;
- Cost of economy airfares and accommodation incurred for inviting up to 2 overseas buyers to visit Singapore during the duration of the exhibition;
- Other incidental expenses as approved by STB
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:
- Quotations for space/stand rental and stand construction/decoration;
- Quotations for printing of publicity materials and advertisements, and a copy of these publicity materials/advertisements;
- Quotations for insurance of exhibits;
- A copy of the invitation to overseas buyers and quotations of economy airfare and accommodation;
- Official fair profile / brochure of trade fair (including space / stand rental rates);
- Quotations for other incidental expenses
- 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 Local Trade Exhibitions.
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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