Productivity & Innovation
Credit Scheme (PIC)

Get 40% off our website development costs with the PIC claim!

Nomster will assist you in your application, should you decide to pursue to claim granted by the Inland Revenue Authority of Singapore (IRAS). Read more information about the grant on the link on the right!

Do also take note of the grant's eligibility requirements:

  • Incurred qualifying expenditure and are entitled to PIC during the basis period for the qualifying YA;
  • Active business operations in Singapore;
  • At least three local employees (Singapore Citizens or Singapore Permanent Residents with Central Provident Fund (CPF) contributions) excluding sole-proprietors, partners under contract for service and shareholders who are directors of the company. This is also known as the "three-local-employee" condition; and
  • Put the PIC IT and Automation equipment to use, for PIC cash payout claims relating to YA 2016 onwards. This applies only to businesses making PIC cash payout claims on such equipment. This is also known as the "in-use" condition.

The six activities along the innovation value chain that will qualify for PIC benefits are also shown on the right.

OTHER GRANTS

Innovation & Capability Voucher (ICV)

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Inland Revenue Authority of Singapore

6 Qualifying Activities

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Interested to know more? Fill in the form below and we will get back to you within 24 hours!

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