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

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.