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Get your company website, hardware, systems at 40% cash rebate through PIC.

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PIC Cash payout

pic cash payout

Cash Payout

Your 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 2015, on investment in any of the six qualifying activities.

IRAS PIC



What Qualifies for PIC How PIC Benefits You How to Claim
Invest in Six PIC Qualifying Activities 400% Tax Deductions Claim in Income Tax Return
Cash Payout Option Submit PIC Cash Payout Form to IRAS
PIC Bonus No Separate Application Required.
Claim together in the Income Tax Return or PIC Cash Payout Application.
Most Commonly Claimed Activity What Equipment Qualifies How to Apply
IT and Automation Equipment Equipment in Prescribed List of PIC IT
and Automation Equipment
No approval is required
Equipment Approved on Case-by-Case Basis Submit Application for Approval of Equipment for PIC Form
Examples of IT and Automation Equipment Qualifying for PIC
(By Industry)



PIC CASH PAYOUT

To know more about how PIC can help you build your business website, hardware and IT systems to make your business more productivity and innovative or about PIC Cash payout. Contact us by click here for a free IT consultation on PIC scheme, response within 24 hours !



ICV

Pic Claim Grant Site is purely for educational purpose, for full details on PIC Claim, please refer to IRAS PIC site and get the most up to date Pic Claim Grant details.

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