Targeted Help for Businesses will have Bigger Impact: Heng
In the recent 2016 budget, Finance Minister Heng Swee Keat announced that while broad-based schemes such as the popular Productivity and Innovation (PIC) have played a role in raising awareness about the importance of productivity, the next stage of restructuring will involve industry-specific measures which aim to be more effective in improving efficiently and processes across entire sector.
The cash payment rate will be lowered from 60% to 40% for qualifying expenditure incurred from 1 August 2016. The PIC scheme will expire in YA 2018.
Read Full Article
Our Services
Call us now
Corporate Secretarial /
Accounting / Tax
+65 6334-8791
(8.30am-5.30pm, Mon-Fri)
+65 9863-1270
(after office hour)
Fax
+65 6334-8075
Email
[email protected]
Address
1 Coleman Street
#05-05 The Adelphi
Singapore 179803
