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No. 304, 3rd Floor, Building B5, New Guo Da Zhou Innovation Research Institute, Zhongxin Wisdom Third Street 10, Huangpu District, Guangzhou City, China
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No. 304, 3rd Floor, Building B5, New Guo Da Zhou Innovation Research Institute, Zhongxin Wisdom Third Street 10, Huangpu District, Guangzhou City, China
The DTDi Scheme is administered by Enterprise Singapore, aiming to encourage Singapore enterprises to expand internationally. The scheme provides double Singapore corporate tax deduction for eligible expenses incurred on international market expansion and development activities from April 1, 2012 to March 31, 2020 (subject to certain expenditure caps).
Double Taxation Agreement service involves helping individual and corporate clients resolve double taxation issues that may arise from cross-border transactions and investments.
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Some tax deductions under DTDi will be granted automatically without further approval. These include: 1. Overseas business development trips and missions 2. Overseas investment study tours 3. Overseas trade fairs 4. Local trade fairs approved by Enterprise Singapore or Singapore Tourism Board To further encourage internationalization, announced in the 2018 Budget, the cap for automatic tax deduction on these qualifying expenditures incurred from Year of Assessment 2019 to 31 March 2020 is SGD 150,000 per Year of Assessment. Activities exceeding SGD 150,000 in these four categories, as well as all activities outside these four areas, require prior approval from Enterprise Singapore to be eligible for DTDi.
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1. Resident in Singapore. For certain qualifying activities, the company must have its global headquarters in Singapore. 2. The main purpose is to promote the trading of goods or the provision of services. 3. Have a clear intention to internationalize the company.
Through double taxation agreements, avoid double taxation of individuals and enterprises in cross-border transactions, protecting their investment and financial interests.
Utilize preferential clauses in double taxation agreements to minimize the international tax burden of individuals and enterprises to the greatest extent.
Ensure clients comply with the provisions and requirements of double taxation agreements to reduce potential non-compliance risks and fines.