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We are pleased to inform you that the Inland Revenue Authority of Singapore (IRAS) has introduced the Productivity and Innovation Credit (PIC) for businesses to enjoy 400% tax deductions/ allowances and/or 60% cash payout. The tax benefits under PIC are available from Years of Assessment (YAs) 2011 to 2018.

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.

You may consider to apply for the PIC to defray the cost of our training services, subject to IRAS’ terms & conditions.

For more information, please visit http://www.iras.gov.sg/irashome/picredit.aspx