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Double Tax Deduction for Internationalization (DTDi)

The DTDi program, managed by Enterprise Singapore, aims to encourage Singaporean businesses to expand internationally. The program provides a double tax deduction for eligible expenditure incurred for international market expansion and development activities during the period from April 1, 2012, to March 31, 2020 (subject to certain expenditure limits).

Details of the Double Tax Deduction Program

The Double Taxation Agreement service involves helping individual and corporate clients resolve potential double taxation issues arising from cross-border transactions and investments.

01

Automatic Grant of Tax Deductions

Some tax deductions under DTDi are automatically granted without the need for further approval. These include:

1. Overseas business development trips and missions
2. Overseas investment study missions
3. Overseas trade fairs
4. Local trade fairs approved by Enterprise Singapore or the Singapore Tourism Board

To further encourage internationalization, it was announced in the 2018 budget that the automatic tax deduction cap for these qualifying expenditures incurred from 2019 to March 31, 2020, is S$150,000 per tax year. Expenditures exceeding S$150,000 in these four categories and all activities beyond these four areas require prior approval from Enterprise Singapore to qualify for DTDi.

02

DTDi Eligibility

1. A business resident in Singapore. For some qualifying activities, companies must have their global headquarters in Singapore.
2. The primary purpose is to facilitate the trading of goods or provision of services.
3. There is a clear intention to internationalize the company.

Advantages

Avoidance of Double Taxation

Through double tax agreements, individuals and businesses can avoid being taxed twice in cross-border transactions, protecting their investments and financial interests.

Tax Incentives

Utilize the preferential provisions in double tax agreements to minimize the international tax burden for individuals and businesses.

Compliance Requirements

Ensure that clients comply with the provisions and requirements of double tax agreements, reducing potential compliance risks and fines.