FAQ on Government Grants

Productivity and Innovation Credit Scheme

The PIC scheme will expire after YA 2018. Businesses who wish to elect for cash payout option on qualifying expenditure must incur the expenditure by the last day of their basis period for YA 2018.

1. What can my business claim from PIC?

If your company has purchased computer hardware, computer software, printers, and mobile devices for the company use, these expenses are qualified under general rule for Six Qualifying Activities under PIC claim.

2. Can I claim SQL Account under PIC?

Yes, you may get your SQL Account package claimed under PIC including SQL Account software, setup cost and user training.

 

3. How much can my business claim from PIC?

The PIC cash payout conversion rate is 40% for expenditure; Your business can also choose to enjoy 400% tax deductions/allowances for qualifying expenditure incurred in any of the Six Qualifying Activities from the Years of Assessment (YAs) 2011 to 2018.

 

4. What is the minimum expenditure for each cash payout application?

$400.

 

5. Is there any conditions I need to meet in order to claim PIC cash payout?

  • You must carry active business operations in Singapore.

  • You have incurred qualifying expenditure during the basis period of qualifying YA (until YA 2018).

  • Meets the three-local-employee condition.

6. How can I submit my PIC cash payout application?

You can submit your application using EASY via e-Services. We will assist to advise and guide you on the details to prepare for submission.

For more information, visit IRAS website for a detailed explanation on PIC Scheme.

 

Innovation & Capability Voucher

1. What can my business claim from PIC?

If your company has purchased computer hardware, computer software, printers, and mobile devices for the company use, these expenses are qualified under general rule for Six Qualifying Activities under PIC claim.

2. Can I claim SQL Account under PIC?

Yes, you may get your SQL Account package claimed under PIC including SQL Account software, setup cost and user training.

 

3. How much can my business claim from PIC?

The PIC cash payout conversion rate is 40% for expenditure; Your business can also choose to enjoy 400% tax deductions/allowances for qualifying expenditure incurred in any of the Six Qualifying Activities from the Years of Assessment (YAs) 2011 to 2018.

 

4. What is the minimum expenditure for each cash payout application?

$400.

 

5. Is there any conditions I need to meet in order to claim PIC cash payout?

  • You must carry active business operations in Singapore.

  • You have incurred qualifying expenditure during the basis period of qualifying YA (until YA 2018).

  • Meets the three-local-employee condition.

6. How can I submit my PIC cash payout application?

You can submit your application using EASY via e-Services. We will assist to advise and guide you on the details to prepare for submission.

For more information, visit IRAS website for a detailed explanation on PIC Scheme.