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Duplicate PIC claim

In IRAS PIC claim cases, business organizations have two choices.

The primary choice is to claim 400% tax deductions or recompenses against their wage.

The second alternative is to convert the qualifying expenditure of the business into a cash payout.

For instance, a qualifying use may aggregate to $2000 when converter to a cash payout.
This expenditure may likewise qualify for the 400% tax deduction.

All things considered, a business ought to pick either the cash payout or the tax deduction; and not both. At the point when a business makes both claim cases, this is termed as a duplicate of claim which is an offense.



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