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PIC Over Claim

Qualified business organizations can claim the expenditure on qualifying use of up to 400% from PIC Scheme

The 400% constitutes of 100% which is the usual reduction, and an extra 300%. Most organizations have a tendency to claim to 500% reduction on their expenditure. This happens when you claim 400% additional tax deduction on expenses and 100% against the income.

This will bring about an excess of 100% which may considered as a fraudulent claim by the IRAS, which many businesses should seek to avoid such mistake.


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.

Pic Claim Grant provides general answer to pic question on pic bonus, pic claim, pic grant.

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