Double Deduction for Overseas Investment Development Scheme
Purpose:
For companies to explore overseas investment opportunities to enhance competitiveness and growth.
DD scheme (under Section 14K of Income Tax Act) supports overseas investment development expenses incurred by Singapore-based companies which are exploring to invest. It allows your company to enjoy tax savings i.e. deduct twice the eligible expenses incurred against your company's taxable income (including those not deductible under Section 14 of Income Tax Act). DD covers pre-investment development activities which give companies the relevant information to make a better-informed investment decision.
To find out more about what the DD scheme covers and how to apply, download the brochure here For Double Deduction for Overseas Investment Development Scheme (DD) service standard pledge, please click here.
Interested companies may download the application form here.
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