Information below is for reference only. Kindly note that PIC Scheme has expired as at YA 2018.The Singapore Productivity and Innovation Credit or PIC Scheme encourages businesses to get significant tax deductions or payouts for investments in research and development, innovation, automation and training. Business entities registered in Singapore can enjoy a 400% tax deductions/ allowances and/or 40% cash payouts for investment in innovation and productivity improvements in any of the six qualifying activities.
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