Double Tax Deduction for Internationalization (DTDi): Who Qualifies

The Double Tax Deduction for Internationalization (DTDi) is a tax incentive designed to help companies in Singapore offset the costs of growing their business in foreign markets.

👤Who it's for

This scheme is available to companies based in Singapore that are looking to expand their operations into international markets.

🎁What you get

You can claim a 200% tax deduction on expenses that are considered eligible for market expansion activities. This effectively allows you to reduce your taxable income by twice the amount of the qualifying costs you incur while growing your business abroad.

💰What it costs you

There is no direct fee to access this incentive, but it does require a commitment to detailed record-keeping. You must keep all relevant receipts and provide clear proof of your overseas business development activities to justify the claims.

⚠️The catch to know

The most important thing to remember is that these expenses must be specifically incurred for the purpose of internationalization. You cannot use this deduction for costs related to growing your business within Singapore's domestic market.

📝How to apply

1. Identify which of your business expenses qualify as internationalization costs.
2. Collect and organize all receipts and evidence of your overseas business activities.
3. Prepare your tax documentation to reflect these specific expansion expenses.
4. Consult with a tax professional or check the official government guidelines for specific filing instructions.