Singapore News


Singapore’s next key strategy to grow our top-line is to support our companies to internationalise. In this budget, we will further support them in three ways:
1. Support level for SMEs under all activities under IE Singapore’s grant schemes to be raised from 50% to 70% for three years
2. Double-Tax Deduction for Internationalisation (DTDi) scheme will be enhanced to cover manpower expenses incurred when setting up an overseas entity
3. New tax incentive, the International Growth Scheme (IGS), will be introduced to provide greater and more targeted support for larger Singapore companies in their internationalisation efforts
In total, these three enhancements to our schemes for internationalisation are expected to cost $240 million.


Source: MOF  #‎SGBudget2015‬