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Get PIC FUNDING for ZUKEN Solutions!


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.