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Cash Payout. 400% tax deductions/ allowances on up to $400,000 of spending per year in each of the 6 qualifying activities. PIC+ Scheme. From YAs 2015 to 2018, qualifying businesses can enjoy 400% tax deductions/ allowances on up to $600,000 of qualifying expenditure per year in each of the 6 qualifying activities.
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Tax Deductions/ Allowances under the PIC+ Scheme. As announced in Budget 2014, from YAs 2015 to 2018, qualifying businesses can enjoy 400% tax deductions/ allowances on up to $600,000 (instead of $400,000 as mentioned above) of their expenditure per YA in each of the 6 qualifying activities under the PIC+ Scheme.
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Use this equipment search function (XLSX, 3.53MB). Simply open the file, key in your equipment in the box and hit 'Enter' to find out if your equipment qualifies for PIC. The following qualify for PIC: Second-hand IT and automation equipment.
The PIC is wholly owned by the South African Government, with the Minister of Finance as shareholder representative.
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Looking for online definition of PIC or what PIC stands for? PIC is listed in the World's most authoritative dictionary of abbreviations and acronyms The Free Dictionary
