Tax Incentives
List of Tax Incentives
Approved Contract Manufacturer and Trade Scheme
Contract manufacturers and traders need not account for GST on value added activities supplied to non-GST registered overseas customers or overseas persons registered under the OVR regime as a pay-only person.
Approved Import GST Suspension Scheme
Under AISS, GST-registered businesses in the aerospace industry enjoy added import GST suspension benefits for qualifying aircraft parts.
Approved Third Party Logistics (3PL) Company Scheme
Approved logistics companies that provide logistics management services to overseas clients do not need to pay import GST or charge GST on the supplies of their overseas clients’ goods under certain circumstances.
Automated Double Tax Deduction for Internationalisation Scheme
Companies planning to expand overseas can benefit from automatic DTDi, with a 200% tax deduction on eligible expenses of up to S$150,000, for international market expansion and investment development activities.
Double Tax Deduction for Internationalisation (DTDi)
Companies planning to expand overseas can benefit from the DTDi, with a 200% tax deduction on eligible expenses for international market expansion and investment development activities.
Hand-Carried Exports Scheme (HCES)
HCES is applicable if you wish to zero-rate your supplies to overseas customers for goods hand-carried out of Singapore via Changi International Airport.
Major Exporters’ Scheme (MES)
Under MES, GST on non-dutiable goods is suspended at the point of import and also when the goods are removed from Zero GST warehouses.