You are here

Low take-up rate for R&D claims under PIC: PwC study

Only 6.3 per cent of respondents say most of their investments in the next three years will be in R&D

JAMIEKOH326013039999.jpg
DESPITE Singapore's push to be a bustling research and development (R&D) hub, the take-up rate for R&D claims under its Productivity and Innovation Credit (PIC) has turned out to be low - ST PHOTO: JAMIE KOH

Singapore

DESPITE Singapore's push to be a bustling research and development (R&D) hub, the take-up rate for R&D claims under its Productivity and Innovation Credit (PIC) has turned out to be low.

In a latest study on 260 companies by PwC, close to half of companies