print friendly version
Text Size  A  A  A

Workshops and Seminars

Workshops and Seminars on Corporate Tax

This seminar is specially designed to help participants understand how businesses can benefit from the Productivity and Innovation Credit (PIC) scheme and the key Budget 2012 changes affecting businesses.

The PIC scheme was first introduced in Budget 2010 and further enhanced in Budget 2011 and 2012, in response to industry feedback and to provide more support for businesses to invest in innovation and productivity.  The PIC provides tax benefits for businesses that invest in innovation and productivity improvements.  Businesses can enjoy deduction/allowances at 400% or receive up to $60,000 of cash payouts.  The tax benefits under PIC apply from Year of Assessment (YA) 2011 to YA 2015.

The qualifying activities are acquisition or leasing of PIC Automation Equipment; training of employees; research and development; registration of intellectual property rights; acquisition of intellectual property rights; and design.

In addition, the Singapore Budget 2012 has also introduced a series of other tax measures to help businesses.

Seminar Topics:

Productivity and Innovation Credit ("PIC")
  • Benefits of PIC Scheme
  • Six Qualifying Activities under the Scheme
  • Computation of Tax Deduction and Cash Conversion
  • Tax Deferral Option
  • Application Details
Budget 2012 Highlights
  • SME Cash Grant
  • Enhancement to Section 14Q Deduction for Expenditure incurred on Renovation or Refurbishment Works
  • Enhancement to Capital Allowance on Low-value Assets

Seminar Slides 

Date

Time

Venue*

04 June 2012

8.30am - 12.00pm
(Registration Closed)

Revenue House

14 June 2012

8.30am - 12.00pm
(Registration Closed)

Revenue House

09 July 2012

1.30pm - 5.00pm
(Registration Closed)

Revenue House

25 July 2012

8.30am - 12.00pm
(Registration Closed)

Revenue House

10 August 2012

1.30pm - 5.00pm

Revenue House


*Venue

Revenue House
5th Floor Auditorium
55 Newton Road
Singapore 307987

Cost: Free

Registration is on a first come first served basis. Due to limited seats, each business is allowed up to two participants.

To register, please send an e-mail to ctseminar@iras.gov.sg stating the following details:

  • Name of Business and Tax Reference No.
  • Name, identification number (e.g. NRIC), designation and contact number of the participant(s)
  • Your first & second preferred dates

Once your registration has been confirmed, we are unable to change the registration date. We seek your understanding.

 

Rate this page
Strongly Disagree                 Strongly Agree
Information is easy to understand.  
Information is useful.
Information is easy to find.

Suggestions to improve this page:
  
Please email us if you would like us to respond to your enquiries.

Last Updated on 18 June 2012


© 2014 Inland Revenue Authority of Singapore. All Rights Reserved.