Tax Incentives
Here are the tax incentives currently available:
With ACMT, contract manufacturers and traders do not need to account for GST on value-added activities supplied to non-GST registered overseas customers or overseas persons registered under the Overseas Vendor Registration (OVR) regime as a pay-only person.
Under AISS, GST-registered businesses in the aerospace industry enjoy added import GST suspension benefits for qualifying aircraft parts.
Under this 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.
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.
Companies planning to expand overseas can benefit from DTDi, with a 200% tax deduction on eligible expenses for international market expansion and investment development activities.
Under HCES, you may zero-rate your supplies to overseas customers for goods hand-carried out of Singapore via Changi International Airport.
Under MES, GST on non-dutiable goods is suspended at the point of import and when the goods are removed from Zero GST warehouses.