The Productivity and Innovation Credit (PIC) Grant from the Income Tax Department – Inland Revenue Authority of Singapore(IRAS).
The PIC grant is available to companies who send their staff for training. Training can be held in-house or at our training center. It does not matter if the trainees are Singaporeans, PRs or Foreigners.
The important thing is that companies are taking interest in improving the productivity of the employees, and are taking the time, effort, and budget to build capabilities, improve operations through training.
PIC GRANT PAYOUT:
The PIC grant pays 60% of the amount spent on training as a Cash Payout to companies.
You also have the option to take 400% tax deduction on the qualifying amount while computing your company tax.
The PIC grant is only available to Singapore registered companies. It is not granted to individuals paying on their own for their own training. This is a Corporate Benefit, only available to companies.
For more information, visit the IRAS website.
Make use of the PIC Grant for arranging a Corporate Training at your office or ours. Train your entire team to improve their productivity in Microsoft Excel, PowerPoint, PhotoShop, Microsoft Project or any other productivity software.
Did you know that Intellisoft can also customize the trainings for you? Contact Kaminit at 9066-9991 to get a custom quote based on your requirements. And enjoy generous government grants for training too!