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The pitfalls of PIC
Published Tue, Jan 6, 2015 · 09:50 PM
THE Productivity and Innovation Credit (PIC) scheme was introduced in the 2010 Budget to encourage businesses to spend on activities which would boost their productivity. Small and medium-sized enterprises (SMEs) have and will continue to benefit hugely from the scheme, which has paid out S$1.5 billion in cash and tax savings as at February 2014.
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