PIC Bonus Scheme: The productivity booster for small and medium business

Posted in Business in Singapore, Investment Scams, Singapore Business Registration, Singapore Incorporation, Taxation by Aurora on June 1st, 2013

Last updated on November 15th, 2017 at 04:01 pmPIC was first introduced in Budget 2010 and enhanced in Budgets 2011, 2012 and 2013. The new PIC Bonus scheme introduced in Budget 2013 gives businesses that spend at least S$5,000 per year in qualifying activities a dollar-for-dollar matching cash bonus, capped at S$15,000 (over the three years from …

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Singapore’s Budget 2013 to address quality growth and an inclusive society

Posted in Business in Singapore, Employment Pass, Taxation by Aurora on February 26th, 2013

Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam has announced the Singapore’s Budget for the financial year starting 1 April 2013, which can be summarized into the following highlights: Expected growth of 1% to 3% for 2013. More schemes to encourage quality growth, through innovation and higher productivity. A three-year co-funding package under a new …

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