Government Grant and PIC Scheme for Web Development

Posted by Aspire Designs on 26 June 2013

Tags: Government Grant, PIC Scheme

iSPRINT (Increase SME Productivity with Infocomm Adoption & Transformation) is an integrated grant scheme led by IDA in collaboration with SPRING Singapore and the Inland Revenue Authority of Singapore (IRAS). SMEs can now get funding assistance for Customised Solutions.

For more information and downloading of Proposal Template, please visit http://www.ida.gov.sg/Business-Sectors/Small-and-Medium-Enterprises/iSPRINT-Funding-For-Customised-Solutions

PIC Scheme 400% Tax Deduction or 60% Cash Payout

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

PIC Scheme on Infographic: (Click to enlarge)

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

For the PIC Claim enquiries, please contact:

Email address:

[email protected] 

or

Telephone: (8 am to 5 pm from Mondays to Fridays):

For Companies 1800-356 8622

For Self-employed/partnership (+65) 6351 3534

To check whether your web development qualify to claim for government grants, feel free to contact us for a free consultation.