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)