Thursday, September 09, 2010
 
 
 
  TAX BREAKS
   
 

1. Double Deduction (DD) for Overseas Investment Development Expenditure
Invest in overseas markets and get tax breaks of up to S$200,000 of eligible expenses per approval. Eligible expenses include airfare, accommodation, rental and maintenance of office facilities, subsistence for employees and consultation fees.

2. Double Tax Deduction (DTD) for Local Trade Exhibitions
Enjoy tax breaks when you participate in international trade exhibitions held in Singapore. Eligible expenses include space/stand rental, stand construction/ decoration, marketing materials, insurance for exhibits and airfare and accommodation for up to two overseas.

3. Double Tax Deduction (DTD) for Market Development, Master Franchising and Master Intellectual Property Licensing
Market your products and services overseas and enjoy tax breaks. Eligible expenses include expenses incurred to participate in approved local or overseas trade fairs/missions, printing of corporate brochures, setting up of overseas marketing offices, market surveys, advertising and promotional campaigns, packaging for exports, product certifications and provision of service in connection with the use of any right under a master franchise or master intellectual property licence.

4. Industrial Exemption Factory Scheme
Manufacturers who use dutiable raw materials for manufacturing enjoys 100% exemption on them for 2 years, but GST must still be paid.

5. Licensed Warehouse Scheme (LWS)
Transform your warehouse into a licensed warehouse, and the duty and GST on your stored goods are suspended until they are released for sale into Singapore.

6. Tax Exemption for Start-ups
Start-ups that meet certain qualifying conditions do not need to pay tax on the first S$100,000 of chargeable income (excluding Singapore franked dividends) for any of the first three years of tax assessment falling within Year of Assessment 2005 to 2009.

   
   
 
   
 
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