Are you eligible for government grants for web design & development projects?
Check out the following grants which are applicable to web design & development:
PIC Grant from IRAS
Business can enjoy 400% tax deductions/ allowances and/or 60% cash payout for investment in innovation and productivity improvements under the Productivity and Innovation Credit (PIC) scheme (Up to YA 2018).
How PIC Cash Payout and PIC Bonus Benefit Your Business?
Your business can enjoy:
- 60% cash payout, plus (Up to YA 2018)
To be eligible for the PIC bonus, businesses must have:
- incurred at least $5,000 in PIC-qualifying expenditure during the basis period for the YA in which a PIC Bonus is claimed;
- active business operations in Singapore; and
- at least 3 local employees.
Your company pay S$5,000 for our website design & development services.
IRAS will pay your company a 60% of $5,000 which is $3,000. (PIC bonus is subject to an overall cap of $15,000 for all 3 YAs combined)
For more information of the PIC Grant, please visit http://www.iras.gov.sg/irashome/picredit.aspx
To check if your website development and design can claim government grants, please contact us for a free consultation.