All eligible companies with the intention to make IT purchases.

• Cash pay-out option. Get cash pay-out of 60% of up to $100,000 of total qualifying expenditure each year
• Tax Deductions or Allowances. Up to 400% tax deductions/allowances on up to S$400,000 of annual expenses incurred for any of the six (6) qualifying activities

• Acquisition and leasing of PIC IT automation equipment
• Training of employees
• Acquisition and licensing of intellectual property rights
• Registration of patents, trademarks, designs and plant varieties
• Research and development
• Investment in design projects

• Must incur the required qualifying expenditure and must be entitled to PIC during the qualifying YA.
• Must be actively operating in Singapore.
• Must have at least 3 local employees (either Singapore citizens or Permanent Residents) who are actively giving their respective CPF contributions.