Phasing out of PIC after YA 2018

PIC will be phased out after YA 2018. It is important to take note of when the expenditure is considered incurred for the expiry of PIC scheme after YA 2018

  • Examples of when expenditure is considered as incurred and treatment of straddled items for the expiry of PIC scheme after YA 2018
  • Clarification on procedures for submission of Application of Approval of IT and Automation Equipment

https://www.iras.gov.sg/irashome/Schemes/Businesses/Productivity-and-Innovation-Credit-Scheme/