Double Tax Deduction (DTD) for Market Development, Master Franchising and Master Intellectual Property Licensing

Qualifying companies:

• A resident company or have a permanent establishment in Singapore
• Be an active operating/trading company with the primary purpose of promoting the trading of goods or provision of services

DTD support is not available for companies that are already enjoying other forms of tax incentives/concessions from the government (e.g. incentives under the Economic Expansion Incentive Act and the Income Tax Act)

The following projects are supported under Section 14B of Income Tax Act:

• Participation in approved trade fairs
• Participation in overseas trade missions/market development trips
• Setting up of overseas marketing offices
• Master licensing and franchising
• Advertising in approved local trade publications
• Printing of corporate brochures/catalogues for distribution in overseas markets
• Engaging in other overseas market development activitiesYou need to apply for DTD by the stipulated time before the start of the proposed project/event
• Apply at least one month before for overseas marketing offices, master franchising or master licensing projects
• Apply at least seven days before for trade fairs, exhibitions or missions