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Productivity & Innovation Credit
#1
Guys this may be a bit old but good to recap and inform you guys about PIC grant by IRAS.

Quote:From 1 Aug 2016, the following changes to PIC Cash Payout Scheme will take effect:

1. Reduction of cash payout rate for qualifying expenditure incurred on or after 1 Aug 2016 from 60% to 40% (the cash payout rate is not determined by the date of submission of the cash payout application); and
2. Compulsory e-Filing of cash payout applications. Hardcopy applications will not be accepted from 1 Aug 2016.

For more information do visit: https://www.iras.gov.sg/irashome/Schemes...it-Scheme/

Please do not abuse the claim as it damage a lot of your fellow business owners' legit claims.

Heart Big Grin
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#2
Too many people abused.
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#3
I used to work for a few companies that employ the same abuse. A lot of my friends also mention their company does the same thing. When everyone abuse, does that still consider abusing?
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#4
A lot of companies abuse PIC. Since government want to give us money, they should not charge these companies. Honestly, most of the people here may have done "fraudulent" claims before also.
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#5
There and PIC MLM around and even celebrities start training business to claim the training part.
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#6
Does any of you have your money crawled back?
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#7
My friend did receive the crawl back letter, but he hired some PIC consultant to generate the paperwork to prove that his solution is being utilised
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#8
(13-10-2016, 07:32 PM)WilsonTan Wrote: My friend did receive the crawl back letter, but he hired some PIC consultant to generate the paperwork to prove that his solution is being utilised

Is his consultant good? Intro please.
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#9
My friend claim her PIC 2 years ago and was paid but later receive a letter to crawl back, she just obey quietly even she really did use the system. She was afraid to offend the government.
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#10
(14-10-2016, 12:39 PM)Joanne Wrote: My friend claim her PIC 2 years ago and was paid but later receive a letter to crawl back, she just obey quietly even she really did use the system. She was afraid to offend the government.

If she is not doing anything illegal that case should be worth reworking on it. Do you need a consultant?
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