AVAIL GOVERNMENT MONEY TO MORE GROW YOUR BUSINESS WITH
Yes – The Singapore Government is liberal in giving away Productivity and Innovation Credit (PIC) Scheme Grants – Tax Reduction; Cash Payout and PIC Bonus. Added to that with the PIC Plus Scheme all the PIC Scheme Benefits have been extended and expanded in size till 2018. If you are a Sole Proprietorship, Partnership, Enterprise, Company or Corporate Entity running your business in Singapore soil, you become automatically eligible.
The professional specialists in helping lots of Singapore businesses to avail PIC Scheme Cash Grants is by your side. So you can confidently entrust the responsibility of the comprehensive job of preparation of your PIC Claim Application to finally see that you get maximized PIC Scheme and PIC Plus Scheme Benefits.
Your Singapore Business (even if it is owned by a foreign national and has a branch or unit running here) can avail the following PIC Scheme Benefits:
400% of Qualifying Expenditure (categorized under 6 heads) as Tax Reduction up to $400,000 till 2015 and $600,000 from 2016 to 2018; or 60% of Qualifying Expenditure as Cash Payout on $100,000 working out to $60,000 till 2018 as Free Money (non-taxable); and automatic crediting of PIC Bonus annually to your account, based on the Qualifying Expenditure of $5000 per year from 2013 to 2015 with maximum of $15000 spread over three years; and other benefits like Innovation Credit Voucher and Capability Development Grant etc.
Creating a Successful Business
The first step towards having a successful business is creating a product or service for which there exists a demand in the market.
Redefining Process Improvement
The metamorphosis will include a shift from how we consider and define the three aspects that are integral to the success of a business.
Capability and Productivity
Small to medium enterprises have for a long time stood out in Singapore as the future of the Singaporean economy.
Productivity and Innovation Credit (PIC)
This is why the Productivity and Innovation Credit Scheme was conceived. Its main goal was to provide an incentive to SMEs of all calibers.