Schemes

Top Schemes

• Productivity and Innovation Credit (PIC)

  • Under the PIC Scheme, businesses can enjoy 400% tax deductions/allowances and/or 60% cash payout for investments made in any of the Six Qualifying Activities from the Years of Assessment (YAs) 2013 to 2018.

• Wage Credit Scheme

  • Under the Scheme, the Government will continue to co-fund 20%, 15% and 10% of wage increases given to Singapore Citizen employees earning a gross monthly wage of $4,000 and below in 2018, 2019 and 2020 respectively. Only Employers are eligible for the co-funding.