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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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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