Alternatively, business can enjoy 400% tax deductions/ allowances and/or 40% cash payout for investment in innovation and productivity improvements under the Productivity and Innovation Credit (PIC) scheme. The tax benefits under PIC are available from Years of Assessment (YAs) 2011 to 2018, on investment in any of the six qualifying activities
For more information and downloading of claim documents, please visit http://www.iras.gov.sg/irashome/picredit.aspx
To check if your website development and design can claim government grants, please contact us for a free consultation.
To contact IRAS: http://www.iras.gov.sg