***NEWSFLASH*** Please take a moment to read this..... iras.gov.sg/irasHome/uploadedFiles/Businesses/For_companies/Productivity_and_Innovation_Credit/PIC%20Bonus%20FAQs.pdf Businesses that invest in qualifying activities under the PIC scheme will receive an additional of PIC BONUS! For example, You spend 100K, you will be getting 60% which will be 60K back but right now you will be getting 75K back! You will receive an equal amount in PIC bonus on every dollar that you spend on qualifying activities, subject to a cap of $15,000 over YAs 2013 to 2015. (1) Computed based on 60% of qualifying PIC qualifying expenditure. In this example, the business applies for cash payout for YAs 2013 to 2015. Businesses that claim 400% tax deductions / allowances in any or all the three YAs will also be eligible for the PIC Bonus. (2) PIC Bonus is not given as qualifying PIC expenditure incurred during YA 2014 is less than $5,000. (3) PIC Bonus cap of $15,000 less PIC Bonus given in YA 2013 of $6,000. Have your company: - bought PC, Notebooks, iPad, Netbooks - bought any softwares - went for training courses - have IP (Intellectual Properties) - test out new ideas &/or designed anything If your answer is Yes to one or more of the above, and you are a Singapore Registered Company with 3 CPF Paying Staff, you might qualify. Interested to know more, SMS to HP: 9382 0839 (David)
Posted on: Thu, 01 Aug 2013 16:46:12 +0000
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