PIC Grant

What is PIC Grant
PIC Grant is a grant given by IRAS called Productivity and Innovation Credit (PIC) which encourage companies to invest in innovation and productivity. You will receive 60% cash back. Upon purchasing of PIC allowed equipment you will be given cash pay out up to 60%.

The maximum amount of equipment purchased under the PIC cash pay-out per year is $100,000. Instead of cash paid out, you can choose to have 400% tax deduction per year.

Example:

Qualifying PIC Expenditure$6,000
PIC Cash Pay out$3,600 ($6,000 x 60%)
Total PIC Benefits$3,600

Eligibility
- Company registered in Singapore.
- Staff of 3 Singaporeans or Permanent Residents with CPF contributions.
- Spend minimum $5,000 per year purchase of PIC allowed equipment.

Amano finger print and Proximity Readers.
Our Amano finger print and Proximity Readers are PIC eligible.

Call us now at 6298 0012  |  Time Access International, 1 Tannery Road, #02-02, One Tannery, Singapore 347719  |  Fax: 6298 9436  |  Email: info@timeaccessworld.com