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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.
Learn about the PIC scheme that has expired after YA 2018 and how to claim PIC benefits on IT and automation equipment. Find out if your equipment qualifies for PIC and how to disclose errors in your claims.
The PIC scheme has expired after YA 2018 and businesses cannot claim PIC benefits on expenditure incurred after that. Learn about the 6 qualifying activities under PIC, such as acquisition of IPRs, R&D and design projects.
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).
PIC grants businesses which invest in specified productivity and innovation activities, enhanced deductions and/ or allowances (“enhanced deductions”) on 1 This e -Tax Guide replaces IRAS’ eTax Guide, “Productivity and Innovation Credit” published on 29
A person who is authorised for 'PIC Cash Payout' in Corppass can log in to mytax.iras.gov.sg to check the PIC cash payout application status of the company or partnership via the 'View PIC Cash Payout Application Status' digital service.
Learn how to get tax deductions, allowances or cash payouts for investing in innovation and productivity activities in Singapore from 2011 to 2018. Find out the eligibility, benefits, qualifying activities and application process of the PIC scheme.
