IRAS Productivity and Innovation Credit Scheme (PIC)
The Singapore PIC scheme was introduced to encourage productivity & 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.
6 Qualifying Activities
Examples of IT and Automation Equipment that Qualify for PIC
Businesses may enjoy PIC benefits on the cost incurred to acquire or lease equipment that are in the PIC IT and Automation Equipment List.
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Best CRM to boost productivity
Created in collaboration with SMEs, industry partners and experts, Integrated Solutions are tried-and-tested, plug-and-play tools that help SMEs overcome common business challenges and achieve overall productivity gains. With Integrated Solutions, minimal effort is required from SMEs to design and test innovation and capability development solutions. Our Helium CRM is such a product to help your business garner leads from your website. What good is a web presence without fully utilizing its potential? Now you can get visitors to your website to sign up and make appointments directly. With a comprehensive dashboard, you can manage your leads and follow up on their requests and queries.
To understand more on how you can utilize this and application, do visit IRAS.
You can also contact us for more information by filling up the form below.