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Get PIC FUNDING for ZUKEN Solutions!

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How PIC benefits you?


The IRAS Productivity and Innovation Credit (PIC) Scheme rewards businesses for investing in productivity boosting activities with tax savings and money.


400% Tax Deduction/Allowance - Businesses can enjoy 400% tax deduction/allowances on up to $400,000 of their expenditure per year in each of the six qualifying activities, instead of the 100% deduction/allowances under the existing tax rules.


Cash Payout Option - Eligible businesses can apply to convert up to $100,000 of their total expenditure in all the six qualifying activities into a non-taxable cash payout. 40% of the fees funded by government under PIC scheme for company-sponsored applicants. PIC+ is available from Years of Assessment (YAs) 2013 to 2018


For Years of Assessment (YAs) 2015 to 2018, businesses that invest in qualifying activities under PIC scheme will receive a PIC Bonus. Subject to an overall cap of $15,000 for all 3 YAs combined. Please refer to http://iras.gov.sg/irashome/PIcredit.aspx for more information.


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