Administered by IRAS, businesses (companies, partnership and sole proprietor) can now enjoy huge savings for investment in innovation and productivity improvements under the Productivity and Innovation Credit (PIC) scheme.
- 400% Tax Deductions / Allowances or
- 40% Cash Payout
PIC Bonus (Cash)
From YAs 2013 to 2015, businesses can also enjoy PIC Bonus, a dollar-for-dollar matching PIC cash payout of up to $15,000.
PIC and PIC Bonus Cash Claim Example
|Website Development Fee|
minus 40% PIC Cash Rebate
|Customer Cost||$1,800 |
I Need Help Applying for PIC grant
Sure, we have very attractive PIC packages that qualifies for PIC and we will be able to assist you in your application for PIC.
* PIC details are subject to change. For more complete and updated information, kindly visit IRAS website. Customers can also contact us for free PIC consultation.