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Productivity and Innovation Credit

August 5, 2014

From YAs 2013 to 2015, your business can also enjoy a PIC Bonus, a dollar-for-dollar matching cash bonus given on top of the existing 400% tax deductions/ allowances and/or 60% cash payout.

The application process for PIC is simple and straightforward. To guide businesses in filing PIC claims, IRAS has published on its website a list of common mistakes to avoid when claiming PIC.

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