Under the PIC Scheme, businesses enjoy 400% tax deductions/allowances for qualifying expenditure incurred in any of the Six Qualifying Activities from the Years of Assessment (YAs) 2011 to 2018. For YA 2013 to 31 Jul 2016, eligible businesses can also exercise an irrevocable option to convert qualifying expenditure of up to $100,000 for each YA into cash, at a conversion rate of 60%. For qualifying expenditure incurred on or after 1 Aug 2016, the cash payout conversion rate will be reduced from 60% to 40%. The PIC scheme will lapse after YA 2018.
With this PIC Scheme, our clients had benefit converting their old HTML website to CMS, which allows clients to edit and update their website easily, this also helps to increase their productivity at work.
Do not miss your chance too!
Capability Development Grant (CDG) at a Glance
The grant defrays up to 70 percent* of qualifying project costs such as consultancy, training, certification and equipment costs. You can take on large scale upgrading projects in areas like increasing productivity, process improvement, product development and market access.
To encourage more SMEs to build business capabilities, the application process for grant support of S$30,000 or less has been simplified. You can look forward to simpler application forms and reduced documentation requirements for such projects.
To see how you can benefit from this, read more at CDG Grant , feel free to speak to our consultant too!
Get up to 70% of eligible third-party costs supported under the Market Readiness Assistance (MRA) grant. These costs cover activities such as:
Click here for full list of supportable activities.
This Scheme is only for overseas market expansion, do read up or contact us to know more.