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The pitfalls of PIC
Add BT as a preferred sourcePublished Tue, Jan 6, 2015 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE Productivity and Innovation Credit (PIC) scheme was introduced in the 2010 Budget to encourage businesses to spend on activities which would boost their productivity. Small and medium-sized enterprises (SMEs) have and will continue to benefit hugely from the scheme, which has paid out S$1.5 billion in cash and tax savings as at February 2014.
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