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The PIC scheme was introduced to encourage productivity and innovation activities in Singapore. It provides support to businesses that make investments to improve their productivity.
Under the PIC Scheme, businesses can enjoy 400% tax deductions/allowances and/or 60% cash payout for investments made in any of the Six Qualifying Activities from the Years of Assessment (YAs) 2013 to 2018.
All businesses, including sole proprietorships, partnerships, companies, registered branches and subsidiaries of a foreign parent or holding company, are eligible for PIC.
* Our solutions expenditure falls under the PIC eligiblity
For more information on PIC on IRAS site please click here
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Talk to us if you have a specific project, ask about eligibility for 100% full government subsidy, or a quick demo on our software, simply fill in the form below and we’ll get back to you within one work day.