Introducing the Productivity & Innovation Credit (PIC)
The PIC grant provide tax benefits for investments by businesses in a broad range of activities along the innovation value chain. The tax benefits under PIC will be effective from Years of Assessment (YA) 2011 to YA 2018. Here’s the official website for PIC.
Unless you’ve claimed before, any website design can be claimed under PIC. No pre-approval is required. But the reimbursement is only at 40% of the website cost.
HOW TO PROCEED?
- Confirm the quotation from us and work will commenced (as no pre-approval is required for PIC Claim)
- Upon completion, you would need to settle the bill first before claiming the agreed amount (from the quotation).
- IRAS will then reimburse 40% of the total amount within a few weeks.
Please feel free to call Noel at 9451 4921 or email us using the Contact Form for further information.