Productivity and Innovation Credit allow businesses to enjoy 400% tax deductions/allowances and/or 40% cash payout for investment in innovation and productivity improvements.

Learn more from IRAS


40% Cash Payout (Up to $100,000 of spending per year)
400% Tax Deduction/Allowances (Up to $400,000 of spending per year)


Active business operations in Singapore
At least 3 local employees (Singapore Citizen or PR with CPF contributions for last 3 months)
Qualifying expenditure to be "in-use" condition

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