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Programmes
International Marketing Activities Programme
IMAP is an incentive scheme by International Enterprise Singapore to provide financial support to assist trade associations/chambers of commerce to organise trade fairs and business missions for their members and the business community.
Qualifying Criteria for Participating Companies
- companies must be registered and based in Singapore
- companies must have at least three of the following core business functions based in Singapore:
(a) Market development and planning
(b) Business and investment planning
(c) Banking, financial and treasury functions
(d) logistics and shipping management
(e) research & development and design functions
(f) manufacturing and other value-added functions
Support Level
The level of support, subject to qualifying criteria, is as follows:
Trade Fairs - Applicable to participating companies
- Up to maximum of 50% of eligible project costs (i.e. space rental, stand construction, stand services, up to a maximum of 36 sqm per participating company,
- Double Tax Deduction (DTD) for travel and accommodation costs for up to 2 representatives per participating company
- Double Tax Deduction (DTD) for participating companies' unsubsidized eligible expenses (e.g. freighting costs)
Business Missions - Applicable to participating companies
- Double Tax Deduction (DTD) for travel and accommodation costs for up to 2 representatives per participating company
How to Apply
Companies must apply for IMAP through trade associations and chambers of commerce.
SPETA has successfully assisted local companies in the past to get financial support for their business missions to China and trade fairs in Indonesia, Paris and China.
For a list of upcoming business missions and trade fairs that SPETA is organising, please click here.
Disbursement of Grant
Final approval of the grant is at the sole discretion of International Enterprise Singapore.
All funding by IE Singapore will be disbursed directly to the association after the event, who will in turn distribute the grant to the participating companies.
Double Tax Deduction Scheme (DTD)
DTD allows approved companies to deduct against their taxable income twice the eligible expenses incurred for a list of IE Singapore's approved activities, as covered by Section 14B of the Income Tax Act.
Coverage
- travel and accommodation costs for up to 2 representatives per participating company
- participating companies' unsubsidized eligible expenses (e.g. freighting costs for participating company)
How to apply
Companies must apply directly to IE Singapore through on-line application at http://dtd.iesingapore.gov.sg.
Participating companies must forward their DTD Application Forms to IE Singapore at least 7 days before commencement of the trade fair.
Approval letter from IE Singapore shall accompany project/exhibition expenses to be forward to IRAS for double taxation deduction purpose.
Please refer to website for more information on DTD scheme (http://dtd.iesingapore.gov.sg).
The above information are extracted out of IE Singapore's IMAP Programme Guide (24 April 2002).
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