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Productivity & Innovation Credit (PIC) Scheme. Share: The PIC scheme has expired after the Year of Assessment (YA) 2018. Businesses are not allowed to claim PIC benefits on expenditure incurred after the basis period of YA 2018. On this page: How the PIC Scheme Benefits You. 6 Qualifying Activities. Qualifying Conditions.
The PIC+ scheme is available from YAs 2015 to 2018. Under the PIC+ scheme, the expenditure cap for qualifying SMEs is increased from $400,000 to $600,000 per qualifying activity per Year of Assessment (YA).
The Productivity Solutions Grant (PSG) helps Singapore companies improve their productivity and automate existing processes through IT solutions and equipment. Up to 50% of eligible costs for local SMEs. Sector-specific and generic solutions.
Business Grants Portal brings government grants for businesses into one place, so it’s easier to find and apply for the grants you need. Find out more.
The Productivity Solutions Grant (PSG) was launched on April 2018 to help businesses enhance their processes with technology. It provides financial support for business owners to adopt pre-scoped IT solutions, equipment and consultancy services to improve productivity.
Allowing IP licensing as a PIC qualifying cost assists SMEs to source for IPs to develop and grow their businesses. What are the qualifying IPR licensing costs? Qualifying costs are license fees incurred on the licensing of qualifying IPRs.
Local SMEs can apply for Productivity Solutions Grant (PSG) for the Built Environment to co-fund up to 50% of the qualifying costs of adopting pre-approved digital solutions under the Construction and Facilities Management Industry Digital Plan (IDP).
applicable to local SMEs only. You may refer to GoBusiness for the support level of your selected solution. If you wish to adopt an EnterpriseSG-supported solution, do also ensure that: .
Access financial support to develop new capabilities, create new products and grow your business. Filter. Sort by: A-Z.
Introduced in Budget 2010, and later enhanced in Budgets 2011, 2012, 2013 and 2014, the PIC scheme encourages businesses to get significant tax deductions or payouts for investments in research and development, innovation, automation and training.
