Beyond the traditional role of promoting the
destination, STB also plans, regulates and facilitates the development of the
tourism sector. This is to ensure the sustainable and long-term growth of the
sector, and an increase in the sector's contribution to the Singapore economy.
STB supports, incentivises and catalyses the private sector to take the lead in
investing for sector growth. The areas of facilitation include product,
industry and capability development, financial grants, and tax incentives.
Find out more about the latest industry assistance schemes.
The double tax deduction scheme for inbound
tourism promotion aims to encourage Singapore tourism companies to promote the
provision of services for inbound tourism to Singapore through participation in
STB-supported overseas trade fairs / missions.
The scheme allows approved companies to deduct against their taxable income,
twice the eligible expenses incurred for participating in overseas fairs /
Find out more about eligibility and application.
The Training Industry Professionals in
Tourism (TIP-iT) is an incentive scheme which aims to support tourism companies
in employee upgrading and talent leadership development.
The Business Events in Singapore scheme
(BEiS) is an incentive that encourages the business industry to anchor and grow
quality events as well as catalyse the innovation of new content. Find out more about the scheme, its eligibility criteria and application.
The Association Development Fund supports
tourism-related associations by strengthening their capabilities to enable them
to take on a greater leadership role to drive the development and growth of
their respective industries and precincts.
The Business Improvement Fund (BIF) aims to
encourage technology innovation and adoption, redesign of business model and
processes in the tourism sector to improve productivity, competitiveness and the
delivery of an enhanced consumer experience.
The enhanced Business Improvement Fund
launched in 2015 includes another component – the BIF Plus which provides
funding support to hotels and technology developers for a year.
Find out more about BIF.
Find out more about BIF