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Singapore R&D tax perks could be among world's weakest when PIC expires: KPMG

SMEs call for targeted perks to fill void when Productivity and Innovation Credit scheme ends

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Published Mon, Jan 29, 2018 · 09:50 PM
    Global competition for innovation

    Singapore

    MORE targeted measures are needed for companies to drive innovation, with the expiry of the Productivity and Innovation Credit (PIC) scheme this year, said small and medium-sized enterprises (SMEs) and observers.

    If not, Singapore's standing as a research and development (R&D) hub may be impacted, as well as its ability to attract and develop high-potential startups, they added.

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