PIC


What is PIC Grant ?

The PIC Grant strive to encourage more companies to adopt the PIC scheme by investing in innovation and productivity.
Businesses that spend for a minimum amount of $5,000 in PIC activities in a year will get to receive 60% of the cost in cash rebate from IRAS PIC or 400% tax deduction.


More on PIC

Productivity Software and Customised Application Solution is claimable under the PIC Scheme for these services:
  • Website development costs (including costs incurred for the one-time registration of a domain name for the website)
  • Web Design on Content Management System
  • eCommerce System
  • Customised Web Application Development
  • Mobile Application Development
  • ERP System
Businesses eligible to apply for the PIC cash payout are sole-proprietorships, partnerships (LLP) , companies (Pte.Ltd) that have the following:
  • active business operations in Singapore; and
  • incurred qualifying expenditure during the basis period for the YA in which a PIC Bonus is claimed;
  • at least 3 local employees (Singapore citizens or Singapore permanent residents with CPF contributions) for 3 months minimum excluding sole-proprietors, partners under contract for service and shareholders who are directors of the company.
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