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20 July 2014 - The PIC Bonus gives Singapore businesses a dollar-for-dollar matching cash bonus for YAs 2013 to 2015, subject to an overall cap of $15,000 for all 3 YAs combined, for acquiring IT and Automation Equipment. Therefore the PIC Bonus is in its final year for claim submission to Inland Revenue Authority of Singapore (IRAS).
Retailers and other businesses who has yet to claim the Productivity and Innovation Credit (PIC) Bonus have the final opportunity to do so in this Financial Year 2014.
For more information about Aralco Retail Management and POS Systems, contact IRMCS now to take advantage of PIC Bonus before it expires.
Note: The PIC grants is applicable to businesses in Singapore only