This page tells you how your business can enjoy 400% tax deductions/ allowances and/or 60% 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 2015, on investment in any of the six qualifying activities.
From YAs 2013 to 2015, your business may 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.
Find out more about the PIC scheme in the table below.
Register for PIC seminar
Please contact us for assistance or clarification on PIC.
- Email address:
- Call us (8 am to 5 pm from Mondays to Fridays):
Companies 1800-356 8622
Self-employed/partnership (+65) 6351 3534