Productivity And Innovation Credit (PIC) Scheme | SAUCE Networks
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Productivity And Innovation Credit (PIC) Scheme

UP TO SGD100,000

Claim Your PIC

Do you know that your investment in the above services are claimable under the PIC?

Your company can apply for Productivity and Innovation Credit (PIC) Cash Payout or PIC Bonus to cover the expense on Web Design and Development, Mobile Application Development, Enterprise Solutions, and more. We provide free assistance and consultancy for the grant application.

Check out our services!

How It Works

What is the PIC grant?

The PIC Scheme is provided by IRAS to help companies improve on productivity and innovation. It encourages businesses to make use of technology to improve business operations and hence cut down on manpower costs.

Who is eligible for PIC grant?

All local businesses with at least three (3) CPF paying employees (who are not directors and shareholders of the company).

What qualifies for PIC?

A total of six (6) qualifying activities under the PIC; IT and Automation Equipment (includes Web Design and Development, Mobile Application Development, etc) being one of it.

Find out more about the qualifying activities.

How much can I claim?

Up to SGD75,000 (60% of SGD100,000 + SGD15,000 PIC Bonus) cash payout for the first year and subsequently SGD60,000 per year till YA 2018.

Find out more about the PIC Bonus.

How long does it take to receive the grant?

The cash payout will generally be made by IRAS within three (3) months of receipt of the properly completed application form, relevant annexes and hire-purchase template.

How do I find out more?

You can contact us, or logon to IRAS website to find out more information.

Find out more about the PIC Scheme.

How To Claim

  • Engage Our Services

  • Submit PIC Claim

  • Get 60% PIC Cash Payout

  • Get PIC Bonus

Check out our services!

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