Industry Transformation Programme a timely move, say panellists

Singapore

PANELLISTS at the Deloitte Budget Seminar 2016 have expressed their support for the government's plan to phase out the Productivity and Innovation Credit (PIC) Scheme and replace it with the more targeted Industry Transformation Programme (ITP).

The roundtable discussion was organised by The Business Times (BT), and moderated by its associate editor Vikram Khanna, in collaboration with Deloitte as part of the latter's full-day budget seminar.

Participants in the discussion are Deloitte SG and SEA tax partner Low Hwee Chua, Deloitte SEA indirect tax leader Robert Tsang, DBS group head of consumer banking and wealth investment Tan Su Shan, and CIMB private…