Want to stage a mega event in Singapore? Now you can apply for a reduced tax rate for approved events.

For who?

• Event companies that wish to stage mega events in Singapore.
  
  
• These mega events must obtain significant tourist receipts and media exposure for Singapore by:
  
  
  • attracting at least 5,000 participants, including 1,500 tourists and international visitors
  • generating at least S$1.5 million in tourist spending
  • achieving at least S$1 million worth of global media exposure (e.g. newspapers, magazines, radio, television, etc.)

For what?

• To encourage event companies to organise or hold world-class events in Singapore with the aim of enhancing Singapore’s attractiveness as a tourism hub.

How much?

• Reduced tax rate of 10% on income from your event. The current corporate tax rate is 18%.

Things to note

• The 10% concessionary tax rate will only apply to projects approved between 1 April 2005 to 31 March 2010.
  
  
• The tax rate is applicable only to income received from the mega event, not to other income earned by the organisers.
  
  
• You should discuss your proposed project with STB before applying.

For more info

Concessionary Tax Rate for Approved Mega Events
Singapore Tourism Board (STB)