Building a one-of-a-kind flagship retail, F&B or entertainment store? Get investment allowance for capital expenditures.
For who?
- Singapore-based businesses in the retail, F&B or entertainment sectors.
For what?
- To encourage businesses to develop and build one-of-a-kind flagship retail, F&B or entertainment stores.
- The flagship store must have all the following attributes:
- be first of its kind in South-East Asia
- have wide international appeal
- cater to both local and international visitors
- enhance Singapore’s attractiveness as a tourist destination
- Flagship store concepts can be international or domestic.
How much?
- The tax break is in the form of additional capital allowance for qualifying equipment costs over a fixed period of time.
- The amount of capital allowance varies on a case-by-case basis.
Things to note
- IA Scheme for Flagship Concepts is a tax break given under the Economic Expansion Incentives (Relief from Income Tax) Act.
- You need to submit your project proposal and application between 1 April 2005 to 31 March 2010.
- Your project must be completed within 2 years of obtaining approval from STB.
For more info
Investment Allowance (IA) Scheme for Flagship Concepts
Singapore Tourism Board (STB)