Productivity and Innovation Credit (PIC) scheme
Our Services in Singapore

Business can enjoy 400% tax deductions/ allowances and/or 60% cash payout for investment in innovation and productivity improvements under the Productivity and Innovation Credit (PIC) scheme. The tax benefits under PIC are available from Years of Assessment (YAs) 2011 to 2018, for investment in any of the six qualifying activities.

The productivity improvement activities covered under PIC are:

  • Acquisition and leasing of PIC Information Technology (IT) and Automation Equipment;
  • Training of employees;
  • Acquisition and In-licensing of Intellectual Property Rights;
  • Registration of patents, trademarks, designs and plant varieties;
  • Research and development activities; and
  • Design projects approved by Design Singapore Council.

Our services include:

  • Consultation and advisory on eligibility of PIC claim
  • Preparation and submission of PIC application

Click HERE for more information.