Budget 2016 changes
Current –> The PIC Cash Payout rate is 60% of up to S$100,000 of qualifying expenditures.
Proposed –> The PIC Cash Payout rate will be lowered to 40% of qualifying expenditure incurred from 1 August 2016.
Business may wish to accelerate their spending plans to enjoy PIC enhanced deductions or allowances. Need help to identify strategies for this purpose? Call us at +6596481937